hkas08 accounting estimate and error

hkas08 accounting estimate and error - HKAS 8 Revised...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting Policies, Changes in Accounting Estimates and Errors Hong Kong Accounting Standard 8 HKAS 8 Revised October 2008 January 2010 Effective for annual periods beginning on or after 1 January 2005
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
HKAS 8 © Copyright 2 COPYRIGHT © Copyright 2009 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains International Accounting Standards Committee Foundation copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Operation and Finance, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong. All rights in this material outside of Hong Kong are reserved by International Accounting Standards Committee Foundation. Reproduction of Hong Kong Financial Reporting Standards outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the International Accounting Standards Committee Foundation at www.iasb.org .
Background image of page 2
HKAS 8 (March 2004 January 2010 ) © Copyright 3 CONTENTS paragraphs INTRODUCTION IN1-IN18 HONG KONG ACCOUNTING STANDARD 8 ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES AND ERRORS OBJECTIVE 1-2 SCOPE 3-4 DEFINITIONS 5-6 ACCOUNTING POLICIES 7-31 Selection and application of accounting policies 7-12 Consistency of accounting policies 13 Changes in accounting policies 14-31 Applying changes in accounting policies 19-27 Retrospective application 22 Limitations on retrospective application 23-27 Disclosure 28-31 CHANGES IN ACCOUNTING ESTIMATES 32-40 Disclosure 39-40 ERRORS 41-49 Limitations on retrospective restatement 43-48 Disclosure of prior period errors 49 IMPRACTICABILITY IN RESPECT OF RETROSPECTIVE APPLICATION AND RETROSPECTIVE RESTATEMENT 50-53 EFFECTIVE DATE 54-54a A WITHDRAWAL OF OTHER PRONOUNCEMENTS 55-56
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
HKAS 8 (December 2007 January 2010 ) © Copyright 4 APPENDICES X : A Comparison with International Accounting Standards B Amendments to other pronouncements C Amendments resulting from other HKFRSs BASIS FOR CONCLUSIONS IMPLEMENTATION GUIDANCE TABLE OF CONCORDANCE Hong Kong Accounting Standard 8 Accounting Policies, Changes in Accounting Estimates and Errors (HKAS 8) is set out in paragraphs 1-56 and the Appendix C . All the paragraphs have equal authority. HKAS 8 should be read in the context of its objective and the Basis for Conclusions, the Preface to Hong Kong Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements .
Background image of page 4
HKAS 8 (January 2010 ) © Copyright 5 Introduction IN1 Hong Kong Accounting Standard 8 Accounting Policies, Changes in Accounting
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/20/2010 for the course AD abc123 taught by Professor Cat during the Summer '09 term at City University of Hong Kong.

Page1 / 37

hkas08 accounting estimate and error - HKAS 8 Revised...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online