Title: Provide an example of an accounting estimate and explain how a change in your estimate could occur. What action does IAS 8 require when such a change occurs?

Essay Details

Subject: Miscellaneous
Author: Paula B
Date: June 15, 2016
Level: University
Grade: A
Length: 1 / 296
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

But because at times it is hard to distinguish between an accounting estimate and an accounting policy, the change is considered an accounting estimate. (IASB) The IAS 8 required that to recognized the change the change should be recognized prospectively by including it in the profit and loss in the period of the change if the change affects that period only...

Showed first 250 characters

Do you need an essay?

Here are the options you can choose from:

  • Order plagiarism free custom written essay
  • All essays are written from scratch by professional writers according to your instructions and delivered to your email on time
  • Prices start from $12.99/page

Do you need many essays?

FULL access to essays database

  • This option gives you the immediate access to all 184 988 essays
  • You get access to all the essays and can view as many of them as you like for as little as $28.95/month

(IASB) The IAS 8 required that to recognized the change the change should be recognized prospectively by including it in the profit and loss in the period of the change if the change affects that period only. As with the example of bad debt it will affect the current period of the entity as current sales will be affected by the provision for bad debt...

Showed next 250 characters

If you cannot find any suitable paper on our site, which happens very rarely, you can always order custom written paper which will be written from scratch by our professional writers and deliver to you on requested time.
  • Your research paper is written by certified writers
  • Your requirements and targets are always met
  • You are able to control the progress of your writing assignment
  • You get a chance to become an excellent student!
 

Common topics in this essay:

Comments

Similar Essays: