Page 16 - PowerPoint Presentation

IAS 8

IAS 1: Statements Of Financial Position

• If financial statements are thus presented for the

year ended 31 December 20.12 and the

accounting policy for valuation of inventory was

changed retrospectively, statements of financial

position will have to be presented on

• 1 January 20.11,

• 31 December 20.11 and

• 31 December 20.12 (if the information is available).