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IAS 8

Accounting estimates

• The following should be disclosed in respect

of changes in accounting estimates:

• the nature of the change;

• the amount of the change; and

• the effect on future periods, if practicable to estimate,

otherwise a statement that the future effect is

impracticable to estimate (IAS 8.39–.40).

• A change of estimate made in the current

period need not again be disclosed

separately in future periods.

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