IAS 8 Flashcards
1
Q
Prior Period Error
Expensed instead of being capitalized
A
Statement of P/L
Decr in exp (take it out at CA) +
Incr in tax exp (asset+CA of exp) -
Decr/ Incr in PFTY -/+
Statement of FP
Incr in PPE (CA of the expense) +
Incr in DTL -
Decr/Incr in RE -/+
