08-16-2003, 07:08 AM
Hi everybody,
i want to know about the accounting policy regarding the stock valuation, suppose if the company has the accounting policy regarding its Raw Material Stock "Average cost", and if the company previously valuing its stock on Annual Average Basis, now if the company changes its policy, from Annual to Monthly Basis, then what should we treat it ? is it change in accounting policy or is it change in accounting estimate ??? or it is not the either of both changes ??
furthermore, can anybody give reference of financial statements of any company who has made the disclosures in accordance with IAS-8, similar to the situation which i have mentioned????
S M R
i want to know about the accounting policy regarding the stock valuation, suppose if the company has the accounting policy regarding its Raw Material Stock "Average cost", and if the company previously valuing its stock on Annual Average Basis, now if the company changes its policy, from Annual to Monthly Basis, then what should we treat it ? is it change in accounting policy or is it change in accounting estimate ??? or it is not the either of both changes ??
furthermore, can anybody give reference of financial statements of any company who has made the disclosures in accordance with IAS-8, similar to the situation which i have mentioned????
S M R
