Accounting policies are defined as the principles and rules, as set out in the InternationalFinancial Reporting Standards, that an entity applies in preparing and presenting itsfinancial statements.b$)$ Any change to an accounting estimate must be accounted for prospectively whereas anychange in accounting policy must be accounted for retrospectively.c$)$ When accounting for a change in accounting policy retrospectively, we processadjustments relating to all current and prior periods affected, including prior periods thatwill not be presented as comparatives.d$)$ When accounting for a change in accounting policy where retrospective application of thenew policy is technically required but is impracticable to achieve, the change inaccounting policy is accounted for prospectively instead.e$)$ Entities are entitled to change any accounting policy, on condition that the change iseither required by an IFRS or is a voluntary change that results in information that isrelevant and more reliable.f$)$ IAS $8$ defines the term accounting policies but does not define the term accountingestimates.g$)$ A change in a measurement basis is accounted for as a change in estimate.h$)$ If an error is found, it must be corrected, with the correcting adjustments processedretrospectively.i$)$ An omission or misstatement is considered to be material if it$,$ individually, could affectthe economic decisions made by the users of the financial statements.j$)$ The correction of a material prior year error will affect the measurement of deferred tax.Required:State, giving reasons, if the above statements are true or false.