IAS 8

This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
July 24, 2021 at 3:43 am #629257
Anonymous
Inactive
- Topics: 1
- Replies: 0
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
July 24, 2021 at 12:51 pm #629315
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
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
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.