If a company starts using a new accounting method because of a change in circumstances; this is considered a change in accounting policy under IFRS.

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This is considered a change in accounting estimate under IFRS, not a change in accounting policy. Changes in accounting policies are only made if required by an IFRS or if they provide more reliable and relevant information. Changes in circumstances typically lead to changes in accounting estimates.

If a Company Starts Using a New Accounting Method Because