Page 91 - Microsoft Word - 00 IWB ACCA F7.docx

Chapter 8

Other standards

Outcome

By the end of this session you should be able to:

 account for changes in accounting estimates, changes in accounting policy and
correction of prior period errors

 explain and compute amounts using fair value

 describe and apply the principles of inventory valuation

 apply the requirements of relevant accounting standards for biological assets

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 8 of your Study Text

85