The following are various types of accounting changes: For the following change or error, indicate how it would be accounted for assuming the company follows IFRS.

	Accounting Treatment
1. Change in a primary source of GAAP

Select a type of Accounting Treatment:

Accounted for in the current year only

Accounted for prospectively

Accounted for retrospectively

None of the above, or unable to determine

.

The following are various types of accounting changes: Identify the type of change for each of the situations.

	Type of change
1. Change in a primary source of GAAP
2. Decision by management to capitalize interest. The company is reporting a self-constructed asset for the first time.
3. Recognition of additional income tax owing from three years ago as a result of improper calculations by the accountant, who was not familiar with income tax legislation and income tax returns

Select a type of change:

Accounting error correction

Change in estimate

Change in policy

Not an accounting change