IAS 8: ACCtg. POLICIES_en
Al-AZHARUNIVERSITY
Faculty of Economic & business Science
IAS 8 “ACCOUNTING POLICIES “
Changes in Accounting Estimates & Errors
Prepared by:
Elham El-Harazeen
&
Haneen Abu Habeeb
Supervised by:
Dr. Emad Abu Shaaban
CONTENTS
INTRODUCTION
- History of IAS 8
- Definitions
OBJECTIVE
SCOPE
ACCOUNTING POLICIES
- Selection and application of accounting policies
- Consistency of accounting policies
CHANGES IN ACCOUNTING POLICIES
- Implementation changes in accounting policies
- Retroactive application
- Limitations on the retroactive application
- Disclosure
CHANGES IN ACCOUNTING ESTIMATES
- Examples for accounting estimates
- Disclosure
- Limitations on retrospective restatement
- Disclosure of prior period errors
IMPRACTICABILITY IN RESPECT OF RETROSPECTIVE
APPLICATION AND RETROSPECTIVE RESTATEMENT
EFFECTIVE DATE
REFERENCES
Technical Summary
Appendix: Amendments to Other Pronouncements Guidance
on Implementing