IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vviiiy2005i1-2p65-84.html
   My bibliography  Save this article

The IAS 8 Analysis and Critical Thesis of the IAS 8

Author

Listed:
  • Michail G. Bekiaris

Abstract

In this paper the concept and the solutions suggested by IAS 8 are analysed extensively by using accounting examples. These solutions are indicated in order to achieve a equable treatment of the issues that this standard introduces in accounting. In the first part the definitions of the Standard are presented and the meanings of net profit or loss are clarified. Net profit or loss comes either from enterprise’s ordinary activities or from activities of extraordinary nature the result of whom forms extraordinary results. Afterwards, the accounting errors are mentioned and the way to correct them is indicated using recent accounting examples. Moreover, in this paper are mentioned the notifications that must be made in order to ensure the reliability of the economic conditions. Finally, the accounting treatment of the changes in accounting policies is made clear. These changes are described explicitly by using examples of economic conditions.

Suggested Citation

  • Michail G. Bekiaris, 2005. "The IAS 8 Analysis and Critical Thesis of the IAS 8," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 65-84.
  • Handle: RePEc:ers:journl:v:viii:y:2005:i:1-2:p:65-84
    as

    Download full text from publisher

    File URL: http://www.ersj.eu/repec/ers/papers/05_12_p4.pdf
    Download Restriction: no

    More about this item

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:viii:y:2005:i:1-2:p:65-84. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marios Agiomavritis). General contact details of provider: http://www.ersj.eu/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.