accountingpolicieschangesinaccountingestimatesanderrors-wenkub
2022-08-30 19:02:42 本頁面
【正文】 the uncertainties inherent in business activities ? Prospective method – the period of the change, if the change affects that period only。IAS8 Accounting Policies, Changes in Accounting Estimates and Errors Syllabus A2de 1 Accounting policy ? Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements. ? If a standard applies to a transaction, follow that IAS or IFRS. ? In the absence of a standard, select a policy that maximises the relevance and reliability of the information presented. 2 Continued ? Required by IAS1 ? It is helpful to make financial information possess the following characteristics: – relevance to the decision making needs of users – reliability ? faithful representation ? substance over form ? neutrality ? prudence ? pleteness 3 Continued ? Changes in accounting policies only if (a) is required by an IFRS。 or – the period of the change and subsequent periods , if the change affects both. ? If material, disclose – its nature and amount of the change – the fact that estimating the amount of effect is impracticable 9 Correction of prior period errors ? Prior period errors – omissions from, and misstatements in, an entity’s financial statements for one or more prior periods arising from a failure to use, or misuse of , reliable information that was available and could reasonably be expected to have been obtained and taken into account in preparing financial statements. – ., mathematical mistakes, mistakes in applying accounting policy, oversights or misinterpreta
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