Selected Financial Reporting Standards

Introduction to Selected Financial Reporting Standards

In this part we are going to refer two standards that we have not considered, but that have a more general application and that also have an important affect over the way in which financial statements are ready.

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

IAS 8 sets out the criterion for selecting and changing accounting policies and the suitable treatment for disclosing these policies. It also sets out the treatment for disclosing alterations in accounting estimates and for the rectification of errors.

Accounting policies

Accounting policies are the conventions, principles and rules employed to ready the financial statements.

Changes in accounting estimates

Managers are generally needed to make several estimates while preparing financial Statements.

Errors

The omissions or misstatements in the financial statements are termed as Errors.

IAS 10 Events after the Reporting Period

The key purpose of IAS 10 is to clarify while financial statements should be adjusted for events that occur after the reporting period (or accounting period).

Latest technology based Financial Accounting Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Selected Financial Reporting Standards homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Selected Financial Reporting Standards, project ideas and tutorials. We provide email based Selected Financial Reporting Standards homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Selected Financial Reporting Standards. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Financial Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the financial accounting assignments, which may help you to solve your complex issues of Selected Financial Reporting Standards. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

©TutorsGlobe All rights reserved 2022-2023.