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IAS 8 Accounting policies, changes in accounting estimates and priorperiod error

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 8 Accounting policies, changes in accounting estimates and priorperiod error

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 19, 2024 at 11:56 am #712552
    2004@2004
    Participant
    • Topics: 17
    • Replies: 20
    • ☆

    Good morning, Sir.

    Sir, I have a question regarding whether the current tax expense that we show in the statement of profit or loss an accounting estimate or not . Can IAS 8 be applied to the IAS 12 income taxes in considering it as an accounting estimate.

    Is deferred tax also an accounting estimate?

    October 20, 2024 at 1:42 pm #712573
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3444
    • ☆☆☆☆☆

    Both current and deferred tax are accounting estimates.

    October 27, 2024 at 5:12 am #712875
    2004@2004
    Participant
    • Topics: 17
    • Replies: 20
    • ☆

    Thank you, Sir.

    October 29, 2024 at 1:40 pm #712913
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3444
    • ☆☆☆☆☆

    🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘IAS 8 Accounting policies, changes in accounting estimates and priorperiod error’ is closed to new replies.

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