IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors
Modules of the standard
- Concepts19 publishedNormative and pedagogical mapping.
- Questions328 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases7 publishedProgressive cases, from beginner to expert.
- Workpapers6 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams4 publishedSealed, versioned final exams.
- Explanations (lessons)21 publishedLesson explanations, chapter by chapter.
Practical cases
- Policy, estimate or error? Reasoned sorting of ten changes in a distribution SMEL1Beginner
- Revision of the useful life and residual value of a vehicle fleetL1Beginner
- Provision omitted and discovered the following year: restatement of comparatives and tax effectL2Intermediate
- Voluntary change in the inventory cost formula: justification, restatement and disclosuresL3Advanced
- Historical data lost: impracticability, earliest practicable period and no use of hindsightL3Advanced
- Transaction with no applicable standard: developing and documenting an accounting policyL4Expert
- Receivables impairment: change in technique, revision of a provision or error? Classification and disclosureL4Expert
- Review file of accounting changes and restatements of a retail groupL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant4 questions
- Scope and tax effects of retrospective adjustmentsCore17 questions
Definitions: policy, estimate, error
Selecting and applying accounting policies
- Applying the specific IFRS and the materiality thresholdCore16 questions
- In the absence of an IFRS: the hierarchy of sourcesCore20 questions
- Consistency of policies and categoriesImportant9 questions
Changes in accounting policies
- When may a policy change?Core19 questions
- Transitional provisions, voluntary change, early applicationCore14 questions
- Retrospective application: opening equity and comparativesCore28 questions
- Limitations on retrospective applicationImportant17 questions
- Disclosures on changes in policiesImportant10 questions
Accounting estimates and changes in them
- Accounting estimate: definition, techniques, inputsCore17 questions
- Policy, estimate or error?Core26 questions
- Prospective recognition of a change in estimateCore25 questions
- Disclosures on changes in estimatesImportant10 questions
Prior period errors
- Nature of errors and contingenciesCore23 questions
- Retrospective restatement of an errorCore32 questions
- Disclosures on the correction of an errorImportant9 questions
Impracticability and the prohibition of hindsight
- Assessing impracticabilityAdvanced17 questions