Which of the following disclosures are required by AASB 108/IAS 8 for a voluntary change in accounting policy?
A) The nature of the change.
B) The reasons that applying the new accounting policy provides reliable and more relevant information.
C) The amount of the adjustment relating to periods prior to those presented to the extent practicable.
D) All of these disclosures are required.
Correct Answer:
Verified
Q3: Prior to the finalisation of the
Q4: A company's workforce went on strike for
Q5: Which of the following does not require
Q6: Errors can occur for which of the
Q7: In determining whether an item is material,
Q9: Bailey Limited has discovered that the estimated
Q10: The correction of a material error that
Q11: Events occurring after the end of the
Q12: According to AASB 108, omissions or misstatements
Q13: Which of the following is not required
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents