In some of the SADC countries, petty bribes are often paid in order to get a passport, a driverâs license, birth or marriage certificate, visa, residence permit, work permit, import license, customâs duty, tax rebate and so on.
(Level 1) Required reading â Chapter 20, pages 1193-1200 to Retrospective Approach with Restatement LEVEL 1 There are three classifications of accounting changes â changes in policy, changes in estimate, and corrections of errors.ctivity 8.2-1: Classifying accounting changes What method should be used to account for each of the following?1. A change from average cost (AC) to first-in, first-out (FIFO) to conform to industry practice. 2. A change to percentage-of-completion from completed contract based on user needs.
The restatement issue relates to the correction of the accounting for changes in accrued leasing liabilities related to exited facilities in the United Kingdom.