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IAS 8 Accounting Policies,Changes in Accounting Estimates and Errors Requires

question 38

True/False

IAS 8 Accounting Policies,Changes in Accounting Estimates and Errors requires material prior period errors to be corrected retrospectively,in the period when the error was discovered.


Definitions:

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Digital Realm

Pertains to the virtual environment created by digital technologies, encompassing all digital devices, internet services, and digital communication platforms.

Data

refers to facts, figures, or information collected for reference, analysis, or computing, often used to inform decisions or understand trends.

Domain Name

An identification string that defines a realm of administrative autonomy, authority, or control within the Internet, used to access websites.

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