Sample Disclosure – Change In Accounting Estimate On Depreciation Charges (19 February 2009)
Change In Accounting Estimates
The revised FRS 116 – Property, Plant and Equipment requires the review of the residual value and the useful life of an asset at least at each financial year end. The Group revised the estimated residual values of certain motor vehicles with effect from (day/month/year).
The revisions were accounted for prospectively as a change in accounting estimates and as a result, the depreciation charges of the Group for the current financial year end have been increased by RMx,xxx,xxx.
3 Responses to “Sample Disclosure – Change In Accounting Estimate On Depreciation Charges (19 February 2009)”
Sample Disclosure - Intangible Assets (14 April 2009) « Learnaccounting’s Weblog on April 19, 2009
[...] Posted by learnaccounting on April 19, 2009 If you need sample disclosure on accounting policy of intangible assets (development of computer software) please refer to:Accounting Policy On Intangible Assets (Development of Computer Software) [...]
Sample Disclosure - Change In Accounting Estimate On Depreciation Charges (19 February 2009) « Learnaccounting’s Weblog on April 19, 2009
[...] Posted by learnaccounting on February 19, 2009 If you need sample disclosure on change of accounting estimates please refer to:Change Of Accounting Estimates [...]
Software on June 28, 2010
Congratulations! You have just won a new blog reader
.. really nice blog, Mike.