CHAPTER 7

Specific Situations

About This Chapter

In previous chapters we have considered both the accounting ­requirements connected to individual financial statements and the business relationships that require particular accounting treatment and disclosures. In this chapter, we consider a mixture of situations, all of them important and to be disclosed in the financial statements. As with the earlier chapters, we have placed the standards in numerical order, and there is little to connect one standard with the others. All of the situations are stand-alone.

The first standard, IAS 8 Accounting policies, changes in accounting estimates and errors, can be traced in some form back to 1978. The current version was issued in 2003 with effect from ...

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