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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 8
Dear tutor,
I have question regarding with IAS 8. Reclassification of administrative expenses to cost of good sold is considered as changes in accounting policies or accounting estimates?
Thankyou
Hi,
It is a change in accounting policy as we are changing the presentation of the account balance. Remember that a change in accounting policy arises from changes to the recognition, measurement or presentation.
Thanks