IAS 8 Accounting Policies, Changes in Accounting Estimates

This video explains the IAS 8 accounting policies, changes in accounting estimates and errors.
You can also click on the playlist that correspond to the course of your interest to watch other lectures by me.

Financial Reporting (FR)

Perfomance Management (PM)

ACCA F9 - FM

CR/SBR

ICAN Nigeria PSAF

Financial Accounting (FA)/ACCA F3

Group Accounts/Consolidated Financial statements

IFRS/IAS lectures

Standard Costing and variance analysis
ICAN Nigeria MI

ACCA F2- Management Accounting

ACCA AFM

Taxation/Advanced Taxation

ICAN SFM
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[roe]

You are a great lecturer. The world is lucky to have you 🤩

[RAPSORF]

Your number one fan from Ghana. Love you so much. God bless you for helping the world. You are a guru in accounting.

[agboladeayokunumi]

I need lecture of IAS2 Inventory.
Thank you sir.I really enjoy your lectures

[madawabskrywer]

You are a blessing to the entire world

[ignasiachengula]

You are so good : I have real enjoyed your lecture. I salute you. Thanks

[oluwadamilolashofuyi]

God bless you, Ezikan
Your videos has really helped me a lot

[rosenwachukwu]

Good morning Sir. I thank God for your Candid Teachings. GOD BLESS you tremendously. Please Sir, check Solutions for questions 3 & 4. The questions are almost the same with different of Tax involved but their Solutions are different, not necessarily because of the Tax involved. The error in found in both questions occurred at the beginning of the year (opening inventories), but their adjustment (Cost of Sales adjustment) are different. Thanks. Remained BLESSED.

[oghenekumeprosper]

Thanks sir, I appreciate your efforts,

[hauwaaadamu]

Well-done sir. Is a nice and understandable way of doing it

[agbonikaibrahim]

Thank you sir. watching your videos helped me in pm

[phebeonparafini]

Thank you so much... this lecture is so helpful

[reneilweragolane]

This was so helpful 🙏🏽thank you for this

[odupitanbenjamin]

Good afternoon Sir,
I am so glad a friend shared this link. God bless you sir.

Observation sir,
for the retained earnings on example 4, when you wanted to calculate opening balnace for 20x7 you picked the profit from the question which is 8, 950 as against the one of the revised income statement.

At exactly 1:19:15 Sir

[azeezoyegunle]

Good day, this is first my first listen to your video, very interesting

[omolaraeny]

Good job sir but I have a question.

What is the difference between the example of accounting estimates and changes in accounting estimates?

[omolaraeny]

Hi oga ezi, how true is this statement cos it's contradictng what I learnt from your video "if changes in accounting policies are necessary due to new standards or changes in circumstances, entities should apply new policies prospectively. Retroactive application is allowed only if required by a specific standard or if it results in a more reliable and relevant information"

[lloydchimbalanga]

Am doing ICEAW exams can you help me with tutorials for financial reporting and auditing