International Financial Reporting Standards (IFRS)
Notes

U.S. GAAP IFRS, IAS Accounting Topics

International Standards and U.S. GAAP
 (A comprehensive source of International and U.S. GAAP information)

International Accounting Standards (IAS)
U.S. Tax Code by Section,  Securities Law Library
U.S. GAAP by Topic,  IFRS, IAS by Topic,  Accounting by Topic
 
International Financial Reporting Standards (IFRS) Notes
  
 

IFRS Notes

10806


Retrospective application and restatement

IAS 8-pr5
Retrospective application
(1) New accounting policy is applied
(2) as if the policy had always been applied.

Retrospective restatement
(1) Material prior period errors are corrected
(2) by restating prior period financial statements
(3) as if errors had never occurred.
 

   
  ¬previous page         next page®       
Back to IFRS Notes Index 
IFRS, IAS by Topic








U.S. GAAP by Topic
 
 Accounting Topics
  Inventory Valuation Methods
  Depreciation Methods
  Revenue Recognition Principle
  Accrual Basis vs. Cash Basis Accounting
  Basics of Journal Entries
  Ratios for Financial Statement Analysis
  Overview of Financial Statements
 







Copyright © IFRSclass.com.TM  All Rights Reserved.