- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
New! Lectures for ACCA AAA September 2022 Exams are now available >>
New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Change in accounting estimate
Sir change in carrying amount or NRV of an asset is considered as a change in accounting estimate whereas a reduction in carrying amount of an asset from $X to $0 is considered a write off, but not a change in accounting estimate.
Why so?
They are both changes in accounting estimate.
As stated before, don’t ‘over-think’ in the exam or you will get confused.:)