- This topic has 2 replies, 2 voices, and was last updated 2 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › ED 2019/6 Disclosure of Accounting Policies,
“Not all accounting policies relating to material transactions are, in themselves, material.”
sir this sentence i found under the topic current issues relating to ED 2019/6 Disclosure of Accounting Policies,
sir can you play explain the quoted sentence with an example?
If an accounting policy is controversial or would significantly impact on the reported results – that would make it material.
The argument is that it is pointless to disclose ‘standard’ accounting policies – e.g. lower of cost and nrv
Please can you restrict yourself to 3 single questions per day.
🙂