Page 5 - PowerPoint Presentation
P. 5
IAS 8
Introduction
• The purpose of this standard is to prescribe criteria
for the selection of an accounting policy, as well as
for the accounting treatment and disclosure of:
• changes in accounting policies,
• changes in accounting estimates and
• correction of prior period errors,
• to ensure consistent preparation and presentation of
financial statements.
• The standard enhances the comparability of the
entity’s financial statements with previous periods,
as well as with financial statements of other entities.
