- This topic has 2 replies, 2 voices, and was last updated 4 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.
Interactive BPP books for September 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS – 08
Hi sir,
“Accounting policies must be consistently applied for similar transactions, categories, other events and conditions. The exception being if a standard requires or permits categorization of items for which different policies may be appropriate.”
My question is, what does categorization of items mean?
Hi,
Think PPE and the different categories such as land and buildings, plant and equipment etc.
Thanks
Thank you sir!
