Learning outcomes

What will you learn?

How to define and apply accounting policies under IAS 8.

The distinction between accounting policies, accounting estimates, and errors.

The correct treatment of changes in accounting policies and estimates.

The process of identifying, correcting, and disclosing prior period errors.

Retrospective and prospective applications in financial reporting.

Course content

Participants

Who is this course designed for?

Accounting and finance professionals working with IFRS-compliant financial statements.

Auditors and consultants engaged in financial reviews and reporting accuracy.

University students and academics seeking a deeper understanding of IAS 8.

Financial managers and controllers responsible for ensuring reporting integrity.

Pre-requisites

Necessary Qualifications

Basic knowledge of financial reporting and IFRS terminology.

Familiarity with the structure and content of financial statements.

Some professional or academic experience in accounting or auditing is recommended.

Course Content

What will you study?

Objective and scope of IAS 8

Key definitions: accounting policies, estimates, and errors

Consistency and changes in accounting policies

Retrospective vs. prospective application

Disclosure requirements and limitations

Identifying and correcting prior period errors

Examples of changes in estimates and policy

When and how to apply the concept of impracticability