Why Does IASB Prohibit Retrospective Treatment of Changes in Accounting

question 14

Multiple Choice

Why does IASB prohibit retrospective treatment of changes in accounting estimates?

• A)The IASB view changes in estimates as normal recurring corrections and adjustments, which are the natural result of the accounting process.
• B)The IASB does not allow the retrospective treatment for any type of presentation.
• C)The IASB prohibits retrospective treatment of changes in accounting estimates because IFRS requires it.
• D)IASB does not prohibit retrospective treatment of changes in accounting estimates, but is silent on this issue

Examine cultural differences in family roles, caregiving, and parental support across ethnic groups.

Understand the factors influencing grandparent caregiving and its impact on mental health.

Recognize the benefits of strong grandparent-grandchild relationships.

Identify motivations for caregiving within families, including cultural and emotional aspects.