IAS 8 Accounting policies, changes in accounting estimates and priorperiod error

This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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October 19, 2024 at 11:56 am #712552
2004@2004
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Good morning, Sir.
Sir, I have a question regarding whether the current tax expense that we show in the statement of profit or loss an accounting estimate or not . Can IAS 8 be applied to the IAS 12 income taxes in considering it as an accounting estimate.
Is deferred tax also an accounting estimate?
October 20, 2024 at 1:42 pm #712573
Stephen Widberg
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Both current and deferred tax are accounting estimates.
October 27, 2024 at 5:12 am #712875
2004@2004
Participant
- Topics: 17
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Thank you, Sir.
October 29, 2024 at 1:40 pm #712913
Stephen Widberg
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- Topics: 17
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🙂
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