Accounting · IAS 8 Accounting Policies
In accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, which of the following would be treated as a change of accounting policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Adopting a revaluation policy for the first time for tangible non-current assets
- 2Changing the rate of depreciation used for office equipment from 30% to 20% on a straight-line basis
- 3Reclassifying head office administration costs from cost of sales to other operating expenses✓
- 4Increasing the allowance for irrecoverable debts from 10% to 12%
Correct answer
Reclassifying head office administration costs from cost of sales to other operating expenses
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