FAC3764 Class 1: IAS 8 - Accounting Policies and Changes in Accounting Policies
Welcome to the first class of our Financial Accounting FAC3764 series! In this video, we delve into IAS 8 - Accounting Policies, Changes in Accounting Estimates, and Errors. This standard is crucial for understanding how entities should select and apply accounting policies, how to account for changes in accounting estimates, and the treatment of errors in financial statements.
In this class, we will cover:
The objectives and scope of IAS 8.
Key definitions and concepts related to accounting policies and changes.
The criteria for selecting and changing accounting policies.
Procedures for accounting for changes in accounting estimates.
The process of correcting prior period errors.
Practical examples to illustrate the application of IAS 8 in real-world scenarios.
By the end of this video, you will have a solid understanding of the principles and requirements of IAS 8, enabling you to confidently apply this standard in your accounting practices.
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To enroll in the full FAC3761 Course, please follow the link below for more information about course content, benefits of the program and more:
masoom-alli-ca-sa-s-school.teachable.com/p/financial-accounting-fac3764
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