IAS 8 & IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors

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IAS 8 & IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors

about course

  • This online course is designed to speak to preparers and users of financial statements across the board from public sector under IPSAS 3 to those under the full IFRS framework as per IAS 8 and those subscribing to the IFRS for SMES under section 10 of IFRS for SMES
  • This online course provides a comprehensive coverage of accounting concepts, changes in accounting estimates and errors.
  • The training moves progressively from definitions to selection of accounting policies and accounting treatment of changes in accounting policies and estimates as well as treatment of errors

Course Objectives

This course will equip participants with the knowledge and practical skills necessary to:

  • Identify and craft accounting policies for their respective organizations
  • Account for changes in accounting policies
  • Account for changes in accounting estimates
  • Correct prior period errors
  • Provide requisite disclosures for accounting policies changes in accounting estimates and errors

course outcomes

  • Define and distinguish accounting policies from accounting estimates
  • Explain the criteria for selection of accounting policies
  • Apply the prescribed treatment for changes in accounting policies
  • Apply the prescribed treatment for changes in accounting estimates
  • Apply the prescribed treatment for errors
  • Determine the disclosures necessary for accounting policies, changes in accounting policies and errors

Course Requirements

  • Members are required to watch the video to completion to get full CPDs

Course Curriculum

  • Introduction to IAS 8 & IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
    2 Minutes
  • IAS 8 & IPSAS 3 Accounting Policies, Changes In Accounting Estimates And Errors
    32 Minutes