Change in accounting policies
ID:CVCAP

Video Overview

To be comparable, information must be consistently applied. One aspect of this is that the same accounting policies adopted by the entity, must be used from year to year. However, there are circumstances in which an entity will need to change their accounting policies. IAS8 was created in order to limit the extent to which such changes undermine the comparability of financial statements. In this tutorial we will focus on changes in accounting policies.

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