IFRS Disclosure Guide

19. Notes - Accounting policies, changes in accounting estimates and errors

Disclosure of changes in accounting policies, accounting estimates and errors


Disclosure of initial application of standards or interpretations

Initially applied IFRSs:
  • Title of initially applied IFRS
  • Description whether change in accounting policy is made in accordance with transitional provisions of initially applied IFRS
  • Description of nature of change in accounting policy
  • Description of transitional provisions of initially applied IFRS
  • Description of transitional provisions of initially applied IFRS that might have effect on future periods
  • Description of fact that new or amended IFRS Standard is applied early


Disclosure of voluntary change in accounting policy

Voluntary changes in accounting policy:
  • Description of nature of voluntary change in accounting policy
  • Description of reasons why applying new accounting policy provides reliable and more relevant information

Explanation of new standards or interpretations not applied

Disclosure of expected impact of initial application of new standards or interpretations

New IFRSs:
  • Title of new IFRS
  • Description of nature of impending change in accounting policy
  • Date by which application of new IFRS is required
  • Date as at which entity plans to apply new IFRS initially
  • Discussion of impact that initial application of new IFRS is expected to have on financial statements
  • Description of fact that impact of initial application of new IFRS is not known or reasonably estimable

Explanation of reason why it is impracticable to determine amounts of adjustments related to change in accounting policy

Disclosure of changes in accounting estimates
 
Accounting estimatesnone
For the year 2024: 
Description of nature of change in accounting estimateother
Increase (decrease) in accounting estimate 
Description of fact that estimating amount of change in accounting estimate is impracticableother
 Year 2024
Description of nature of accounting errors in prior periodsother
Explanation of reason why it is impracticable to determine amounts for correction related to prior period errors

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