- This topic has 1 reply, 2 voices, and was last updated 9 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hello
Regarding IAS 8 if a material error occurred last year, then the prior year’s closing balances would need to be restated.
1. When do we restate the opening balances of the current period?
2. Wouldn’t restating the opening balances of the current period be the same as restating the closing balances of the prior period?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.