Aanchal
asked
What is balance sheet errors IFRS Errors in the financial statements ?
0
0
Answer Now
Comment
Report
1
Answers
Important Note – Preparing for IFRS?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
puru
answered
These include classification errors among the real accounts in the balance sheet. They have no effect on the income statement and therefore do not require any restatement of retained earnings. When comparative financial statements are prepared the classification errors of prior periods should be corrected for each year presented.
For more details you can view here.
