The financial statements of M S are presented in Appendix 5B or can be accessed at the books companion website, www wiley com Instructions Refer to M Ss financial statements and the accompanying notes to answer the following questions (a) Were there changes in accounting policies reported by M S du...

a MS adopted the following policies during 2007 2008 IFRS 7 Financial Instruments Disclosures and th ...

The financial statements of M&S are presented in Appendix 5B or can be accessed at the books

Question:

The of M&S are presented in Appendix 5B or can be accessed at the book’s companion website, www.wiley.com

Instructions
Refer to M&S’s and the accompanying notes to answer the following questions.
(a) Were there changes in accounting policies reported by M&S during the two years covered by its income statements (2007–2008)? If so, describe the nature of the change and the year of change.
(b) What types of estimates did M&S discuss in 2008?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...