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10804 |
Changes in accounting estimates
IAS 8-pr36
Changes in accounting estimates are applied
prospectively.
The effects of such changes are recognised in profit or loss.
IAS 8-pr38
Depreciation related changes are applied prospectively.
(1) changes in estimated useful life
(2) changes in expected pattern of consumption
U.S. GAAP
asc 250-10-45-17
Changes in accounting estimates are applied
(1) in the period of change
and
(2) future periods, if the change affect both current and future
periods.
Changes in accounting estimates are not applied retrospectively.
asc 250-10-45-18
Changes in depreciation methods are
considered
as changes in estimates.
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International Accounting
Standards (IAS)