Register now or log in to join your professional community.
The impact of change in current year P&L account
If the error in accounting estimate is acceptable and commensurate with the conceptual framework of the accounting standards and does not affect the distortion of Financial Statements, disclosedinincome statement in the period of the change if it affects the financial period only, or in the period of change and future periods if the change affects both, If the result of the change of accounting estimates changes in assets, liabilities or equity must recognize this change is to amend the carrying amounts of assets or liabilities or equity in the period of change.
Must disclosure in the notes for complementary of financial statements for errors intrinsic if any
