That’s it! A simple Summary of IAS 8 – Accounting Policies, Changes in Accounting Estimates, and Errors; using a flowchart concept. I hope this makes understanding asset impairment a little bit easier for you
Download This FlowChart in PDF
Note: This is only the summary of IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors. Refering to the complete original IFRS is recommended for better decision-making, as everything out there is in full detail. If you want to read the original IAS-8: Accounting Policies, Changes in Accounting Estimates, and Errors, you may read it here.
