IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors – A Closer Look

AS- 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies Changes in.. accounting

(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to

Value in use is assessed based on estimated future cash flows discounted to their present value using a pre-tax discount rate that is based on the Group’s weighted average cost of

(b) The change in accounting treatment should have been presented as a correction of an error in accordance with IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors

When it is impracticable to determine the period-specific effects of changing an accounting policy on comparative information for one or more prior periods presented, the entity

When it is impracticable to determine the period-specific effects of an error on comparative information for one or more prior periods presented, the entity

For some types of estimates (eg an estimate of fair value not based on an observable price or observable inputs), it is impracticable to distinguish these types of information. When

24 When it is impracticable to determine the period-specific effects of changing an accounting policy on comparative information for one or more prior periods presented, the