1951 others answered this question
MC Question 1
Which of the following is a change of accounting policy under IAS 8 Accounting Policies, Changes in Accounting
Estimates and Errors?
| A | Classifying commission earned as revenue in the statement of profit or loss, having previously classified it as other operating income |
|---|---|
| B | Switching to purchasing plant using finance leases from a previous policy of purchasing plant for cash |
| C | Changing the value of a subsidiary’s inventory in line with the group policy for inventory valuation when preparing the consolidated financial statements |
| D | Revising the remaining useful life of a depreciable asset |