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changes in accounting policy

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › changes in accounting policy

  • This topic has 1 reply, 2 voices, and was last updated 3 months ago by Stephen Widberg.
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  • April 30, 2022 at 8:24 pm #654682
    shaunak22
    • Topics: 204
    • Replies: 34
    • ☆☆☆

    SIR prior period error and changes in accounting policy are treated the same way retrospectively

    1) adjusting current year opening balances

    2) restating compatitive figure

    May 1, 2022 at 8:53 am #654700
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2555
    • ☆☆☆☆☆

    Yes. Perfect.

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