[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-29795":3,"doc-seo-29795":21},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":4,"is_deleted":4,"is_public":19,"is_downloadable":19,"audit_status":19,"update_tm":20},29795,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",4,"Exam","IAS 8 Changes in Accounting Policy","This document provides an overview of International Accounting Standard (IAS) 8, focusing on changes in accounting policies, changes in accounting estimates, and prior period errors. It explains that accounting policies, which are the rules, regulations, and principles of accounting governed by IAS/IFRS (e.g., FIFO, average cost, revaluation model, cost model), must be applied consistently. Changes in accounting policies are generally not allowed unless permitted by an accounting standard or if the change improves the presentation, relevance, reliability, and comparability of financial statements. Such changes must be applied retrospectively, meaning opening balances and the Statement of Financial Position (SOFPS) and Statement of Comprehensive Income (SOCI) are restated, with adjustments made to opening retained earnings. The document differentiates these from changes in accounting estimates, which are based on judgments regarding accounting policies (e.g., changes in useful life, scrap value, doubtful debt, provision). Changes in accounting estimates are adjusted prospectively, as they depend on information not previously available. Prior period errors, including errors, fraud, omissions, or misinterpretations of facts that occurred in the past but are discovered later, are also adjusted retrospectively if material, adhering to the matching principle.","cbCais9ZuCvz3LuW","https://ap.wps.com/l/cbCais9ZuCvz3LuW","pdf",2034657,1,1778284610,{"code":4,"msg":22,"data":23},"ok",{"site_id":24,"language":25,"slug":26,"title":13,"keywords":27,"description":14,"schema_data":28,"social_meta":61,"head_meta":63,"extra_data":65,"updated_unix":20},105,"en","ias-8-changes-in-accounting-policy","",{"@graph":29,"@context":60},[30,46],{"@type":31,"itemListElement":32},"BreadcrumbList",[33,37,41,44],{"item":34,"name":35,"@type":36,"position":19},"https://docshare.wps.com","Home","ListItem",{"item":38,"name":39,"@type":36,"position":40},"https://docshare.wps.com/document/","Document",2,{"item":42,"name":12,"@type":36,"position":43},"https://docshare.wps.com/document/exam/",3,{"item":45,"name":13,"@type":36,"position":11},"https://docshare.wps.com/document/ias-8-changes-in-accounting-policy/29795",{"url":45,"name":13,"@type":47,"author":48,"headline":13,"publisher":50,"fileFormat":53,"description":14,"dateModified":54,"datePublished":54,"encodingFormat":53,"isAccessibleForFree":55,"interactionStatistic":56},"DigitalDocument",{"name":9,"@type":49},"Person",{"url":34,"name":51,"@type":52},"DocShare","Organization","application/pdf","2026-05-08",true,{"@type":57,"interactionType":58,"userInteractionCount":4},"InteractionCounter",{"@type":59},"ViewAction","https://schema.org",{"og:url":45,"og:type":62,"og:title":13,"og:site_name":51,"og:description":14},"article",{"robots":64,"canonical":45},"index,follow",{"doc_id":7,"site_id":24}]