Assignment # 3 Ch 4 - Accounting Policies, Accounting Estimates and Errors-IAS8 This assignment is related to chapter four. Once you select the company of choice and have downloaded its annual report, prepare a report containing: Instructions: do the 3 points for adidas company Disclosures relating to accounting policies, accounting estimates and errors - IAS8 a. Disclosure of a change in accounting policy Does the company you choose report any disclosure of a change in accounting policy in its financial statements and accompanying notes? Explain how a change in accounting policy should be accounted for? b. Disclosure of changes in accounting estimates LAS8 requires disclosure of the nature and amount of a change in an accounting estimate. Does the company you choose report any disclosure of a change in accounting policy? Explain how a change in estimate should be accounted for? c. Disclosure of prior period errors IAS8 requires an entity corrects a material prior period, and should be made in the notes to the financial statements. Does the company you choose report any disclosure of the amount of the correction at the beginning of the earliest prior period. List the disclosure required when a material prior period is occurred and how it is accounted for?