IAS 8 Accounting Policies, Changes In Accounting Estimates And Errors

This document summarizes the key principles from IAS 8 regarding accounting policies, changes in estimates and errors. It outlines that IAS 8 prescribes criteria for selecting and changing accounting policies, and the accounting treatment for changes in policies, estimates and errors. It defines various terms and concepts. It also discusses the requirements for applying changes retrospectively or prospectively, and disclosure requirements for changes.