Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

IAS 8

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 8

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 24, 2021 at 3:43 am #629257
    Anonymous
    Inactive
    • Topics: 1
    • Replies: 0
    • ☆

    Dear tutor,

    I have question regarding with IAS 8. Reclassification of administrative expenses to cost of good sold is considered as changes in accounting policies or accounting estimates?

    Thankyou

    July 24, 2021 at 12:51 pm #629315
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7172
    • ☆☆☆☆☆

    Hi,

    It is a change in accounting policy as we are changing the presentation of the account balance. Remember that a change in accounting policy arises from changes to the recognition, measurement or presentation.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.