IAS 8: Accounting policies, changes in accounting estimates and errors
The accounting standard IAS 8 explains the criteria required for selecting and changing accounting policies and sets out the accounting treatment and disclosures required for changes and corrections to estimates or errors. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
What's on this page?
- Full-text standard
- Guidance and support from ICAEW
- Example accounts
- Online articles
- Articles and books from the Library
Full text standard
Unaccompanied version of IAS 8
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
Accounting policies, accounting estimates and errors
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.
Contact us on +44 (0)20 7920 8620, by web chat, or at firstname.lastname@example.org to get any documents from Company Reporting.
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact email@example.com.
IFRS 2018: Interpretation and application of IFRS standards
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on accounting policies, changes in accounting estimates and errors covers:
Guides and publications
IAS 8: Accounting policies, changes in accounting estimates and errors. Published by BDO International in the BDO International series of publications - IFRS at A Glance.
|12 February 2021||IASB amends IFRS Standards to improve accounting policy disclosures and clarify distinction between accounting policies and accounting estimates
The IASB has issued Disclosure of Accounting Policies—Amendments to IAS 1 and IFRS Practice Statement 2 and Definition of Accounting Estimates—Amendments to IAS 8. Both amendments will be effective for reporting periods beginning on or after 1 January 2023, with early application permitted.
|31 October 2018||IASB clarifies its definition of 'material'
News release issued by the IASB on 31 October 2018 announcing amendments to IAS 1 and IAS 8 to help make it easier for companies to make materiality judgements.
|27 March 2018||International Accounting Standards Board seeks comments on proposed amendments to IAS 8
News item published by the IASB on 27 March 2018 announcing a public consultation for proposed narrow-scope amendments to IAS 8. The consultation closes in July 2018.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
Can't find what you are looking for?
If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by email at firstname.lastname@example.org or through webchat.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.