Login to manage your account

Your email Please enter a valid email address.

Password Forgot Password?

Please enter a valid password.

OR

Don't have an account yet? Sign up

What is the accounting treatment for a change in accounting estimate?

A Applied prospectively from the current period onwards
B Applied retrospectively by restating prior periods
C Ignored until the next audit
D Charged directly to reserves

Answer

Applied prospectively from the current period onwards

A change in accounting policy, by contrast, is generally applied retrospectively with comparatives restated.

Login to manage your account

Your email id Please enter a valid email address.

Password Forgot Password?

Please enter a valid password.

OR

Don't have an account yet? Sign up as

Jobseeker

Employer