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ias 8

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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June 12, 2017 at 10:25 pm #392893
adarsh1997
Participant
- Topics: 646
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Hi Mike!
Concerning IAS 8, could you explain what is meant by” comparative information should be restated”?
Thanks.
June 13, 2017 at 6:55 am #392912
MikeLittle
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It means that last year’s reported figures in the financial statements need to be amended and restated as though the new accounting policy had been in operation “for ever”
OK?
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