[Mohammad Rafiquzzaman Khandaker]

Changes to Accounting Policy
These are only made if:
01. It is required by a standard or interpretation, or
02. It would give more relevant and reliable information
Accounting treatment for changes to Accounting Policy:
01. Adjust the comparative amounts for the affected item
02. Adjust Opening retained earnings (Show in Statement Changes in Equity)
Changes in Accounting Estimates
01. Simply change in CURRENT year
02. NO Change to comparatives
Prior period Errors
These are accounted for in the SAME way as changes in Accounting policy
Accounting treatment for prior year Errors:
01. Adjust the comparative amounts for the affected item
02. Adjust Opening retained earnings (Show in Statement Changes in Equity)

[Mohammad Rafiquzzaman Khandaker]

I am worried seeing your answer. As your answer I will get only 7 marks. I thing I have to save money for resit of F8

Goodluck

@boringaccountant said:
So, here it goes,

1.D
2.A
3.A
4.B
5.B
6.C
7.C
8.B
9.B.
10.A
11.B
12.D

Like to add, SUPER lengthy paper, if only there were 5 questions instead of 6, 5 is enough to examine the whole syllabus 🙁

[Mohammad Rafiquzzaman Khandaker]

45%

[Mohammad Rafiquzzaman Khandaker]

Thanks…
Can u provide a easy guide regarding Hedge accounting in connection with IAS 39 and IFRS 9.

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