国际会计准则(二).doc

IAS 8: Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies IAS 8 (revised 1993), became effective for annual financial statements covering periods beginning on or after 1 January 1995. IAS 8 disclosure requirements for discontinued operations have been replaced by IAS 35: Discontinuing Operations.IAS 35 became operative for annual financial statements covering periods beginning on or after 1 January 1999. IAS 40: Investment Property, amended paragraph 44, which also is now set in bold italic type. IAS 40 was operative for annual financial statements covering periods beginning on or after 1 January 2001. One SIC Interpretation relates to IAS 8: SIC 8: First-Time Application of IASs as the Primary Basis of Accounting. Summary of IAS 8 l Separate disclosure of extraordinary items of profit or loss is required on the face of the income statement, after the total of profit or loss from ordinary activities. Such extraordinary items are rare and beyond management control. Examples are expropriation of assets and effects of natural disasters. l Items of income or expense arising from ordinary activities that are abnormal because of their size, nature or incidence are separately disclosed, usually in the notes. l A change in accounting estimate should be reflected prospectively. The nature and effect of the change should be disclosed, even if the effect will only be significant in a future period. If the effect cannot be quanitified, that fact should be disclosed. l A correction of a fundamental error should be treated as a prior period adjustment (benchmark) or recognised in current profit or loss (allowed alternative). The nature and effect of the change in the current and prior periods should be disclosed. l A change in accounting policy should be treated retrospectively by restating all prior periods presented and adjusting opening retained earnings (benchmark). If the a