Page 9 - PowerPoint Presentation

IAS 8

Accounting policies

• The accounting policies must be consistently

applied for similar transactions, other events and

conditions,

• unless a statement or interpretation requires

categorisation of items for which different policies may

be appropriate (IAS 8.13)

• The accounting policies should be stated clearly,

fairly and briefly by way of a note to the annual

financial statements, with the heading "Accounting

policies".

• This note is the first note to the annual financial

statements.

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