accountingpolicieschangesinaccountingestimatesanderrors(存儲版)
【正文】 accounting policy under IAS 8. 5 Continued ? Accounting treatment – retrospective application ? to adjust against opening retained earnings in SOCIE, and to provide parative information. – prospective application if the cumulative effect of the change can not be determined. ? to recognise the effect of change in the current and future periods. 6 Continued ? If material, disclose – the title of the standard, etc. changed – the reason for the change – the amounts of the adjustments relating to periods whether presented in the financial statements or not – an explanation and description of not applying retrospective method 7 Exercises 4 Dec10 5b Dec06 3d Jun03(練習冊 3d) 5a Dec01 Jun98 old Example 1, 2 p179 8 Changes in accounting estimates ? They are unavoidable, given the uncertainties inherent in business activities ? Prospective method – the period of the change, if the change affects that period only。 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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