What is the difference between Error, change in accounting estimate, and what is the treatment in accounting?

accounting

Question added by mohamed mahmoud abdelmaksoud , Budgetary, and Treasury Section Head , Rich Land Food Industries
Date Posted: 2024/09/16

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Which of the following describes the appropriate reporting treatment for a change in accounting estimate?
Top Answer: d. In the period of change and future periods if the change affects both ... See More

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A change in an accounting estimate should be accounted for:
Top Answer: The effect of a change in an accounting estimate shall be recognised prospectively by including ... See More

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Is depreciation an accounting policy or accounting estimate?
Top Answer: Why Is Depreciation Estimated? <p ... See More

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What is the difference between an Accounting estimate and an Accounting policy?
Top Answer: <ul><li style="display:block;list-style-type:none;">Accounting polici ... See More

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