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متابعة

What disclosures are required under IFRS for change in the estimated useful life & rate of depreciation of a fixed asset?

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تم إضافة السؤال من قبل Sagar Pokarna , Senior Accountant (assignment basis) , Desert Group
تاريخ النشر: 2014/05/19
Venu Gopal Malapati
من قبل Venu Gopal Malapati , Assistant Finance Manager , Foulath Group

The impact of change in current year P&L account

Rashad Moursi
من قبل Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial

If the error in accounting estimate is acceptable and commensurate with the conceptual framework of the accounting standards and does not affect the distortion of Financial Statements, disclosedinincome statement in the period of the change if it affects the financial period only, or in the period of change and future periods if the change affects both, If the result of the change of accounting estimates changes in assets, liabilities or equity must recognize this change is to amend the carrying amounts of assets or liabilities or equity in the period of change.

Must disclosure in the notes for complementary of financial statements for errors intrinsic if any

 

 

 

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