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  2. IFRS Foundation & IASB
  3. International Accounting Standards (IASs)
  4. 2017
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  1. IAS 8: Basis of Preparation of Financial Statements
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IAS 8: Basis of Preparation of Financial Statements

Comparing proposed amendment...
Objective (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 pronouncements
Approval by the board of IAS 8 issued in December 2003
IAS 8: Basis for Conclusions
Introduction (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)
BC31A
Disclosure 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
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