BCZ31W IAS 8 requires disclosure of the judgements, apart from those involving estimations, that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements (see paragraph 27G of IAS 8). An example of these judgements is how management determines whether financial assets are held-to-maturity investments. [IFRS 9 Financial Instruments eliminated the category of held-to-maturity financial assets. This paragraph refers to matters relevant when IAS 1 was issued.] The Board decided that disclosure of the most important of these judgements would enable users of financial statements to understand better how the accounting policies are applied and to make comparisons between entities regarding the basis on which managements make these judgements.
BCZ31X Comments received on the exposure draft of 2002 [The exposure draft of 2002 refers to the May 2002 Exposure Draft Improvements
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