08-18-2003, 03:26 AM
Thanx Zubair,
but in my opinion, (As per IAS 8) it is not a change in accounting policy, its a change in accounting estimate, dont u think so,
if we change our policy from Avg. to Lifo or Fifo, then it should be considered as Change in Acc. Policy,
however in both cases, we have comply with IAS 8,
actually i need some reference from Financial Statements of any company, who complied with the requirements of IAS 8.
S M R
but in my opinion, (As per IAS 8) it is not a change in accounting policy, its a change in accounting estimate, dont u think so,
if we change our policy from Avg. to Lifo or Fifo, then it should be considered as Change in Acc. Policy,
however in both cases, we have comply with IAS 8,
actually i need some reference from Financial Statements of any company, who complied with the requirements of IAS 8.
S M R
