icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
IAS 8: Basis of Preparation of Financial StatementsObjective (paras. 1-2)Scope (paras. 3-4)Definitions (paras. 5-6)Basis of preparation - general matters (paras. 6A-6N)Accounting policies  (paras. 7-31I)Accounting estimates (paras. 32-40)Errors (paras. 41-49)Impracticability in respect of retrospective application and retrospective restatement (paras. 50-53)Effective date and transition (paras. 54-54J)Withdrawal of other pronouncements (paras. 55-56)Appendix Amendments to other pronouncementsApproval by the board of IAS 8 issued in December 2003IAS 8: Basis for ConclusionsIntroduction (paras. BC1-BC3A)Removing allowed alternative treatments (paras. BC4-BC11)Eliminating the distinction between fundamental errors and other material prior period errors (para. BC12)Departures from IFRSs (paras. BC12A-BCZ12I)Applying a Standard or an Interpretation that specifically applies to an item (paras. BC13-BC15)Pronouncements of other standard‑setting bodies (paras. BC16-BC19)Materiality (paras. BC20-BC22)Criterion for exemption from requirements (paras. BC23-BC24)Definition of ‘impracticable’ (paras. BC25-BC27)Applying the impracticability exemption (paras. BC28-BC29)Disclosures about impending application of newly issued IFRSs (paras. BC30-BC31)Disclosure of selection and application of accounting policies (paragraphs 27A-27I and 31A-31I) (paras. BC31A-BCZ31AD)BC31ADisclosure of accounting policies (issued February 2021)  (paras. BCZ31B-BCZ31V)Disclosure of the judgements that management has made in the process of applying the entity’s accounting policies (paras. BCZ31W-BCZ31X)Disclosure of major sources of estimation uncertainty (paras. BCZ31Y-BCZ31AD)Recognising the effects of changes in accounting estimates (paras. BC32-BC33)Amended references to the Conceptual Framework (paras. BC34-BCZ37A)Application by rate-regulated entities (paras. BC38-BC40)Transition relief (para. BC41)Definition of Accounting Estimates (2021 amendments) (BC42-BC59)Dissenting opinions (paras. DO1-DO5)IAS 8: Implementation Guidance
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 29th December 2024
Original PDF
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
Previous
Version date: 21 February 2022 - onwards
Version 2 of 2

IAS 8: Implementation Guidance

Previous