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MC Question 7
Which of the following would be a change in accounting policy in accordance with IAS 8 Accounting Policies,
Changes in Accounting Estimates and Errors?
| A | Adjusting the financial statements of a subsidiary prior to consolidation as its accounting policies differ from those of its parent |
|---|---|
| B | A change in reporting depreciation charges as cost of sales rather than as administrative expenses |
| C | Depreciation charged on reducing balance method rather than straight line |
| D | Reducing the value of inventory from cost to net realisable value due to a valid adjusting event after the reporting period |