If an Accounting Policy Change Is Voluntary, Which of the Following

question 13

Multiple Choice

If an accounting policy change is voluntary, which of the following disclosures is required by AASB 108/IAS 8?

• A) The nature of the change.
• B) The reasons that applying the new accounting policy provides reliable and more relevant information.
• C) The amount of the adjustment relating to periods prior to those presented to the extent practicable.
• D) All of the options are correct.

---

Definitions:

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards the achievement of goals and objectives.