Restated, Not Revised: How to Read a Change in Accounting Policy, an Estimate and a Prior-Period Error in an Indian Annual Report

Diptych: Ind AS 8 restatement versus revision under sections 130 and 131

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Manish Goel, FCA

Indian Market Context, Premium

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Restated, Not Revised: How to Read a Change in Accounting Policy, an Estimate and a Prior-Period Error in an Indian Annual Report

More posts

The Queue Is a Clock: John Little’s 1961 Identity L = λW, a Housing Pile Measured in Months, and Why the Long-Term Equity Investor Divides Every Stock by Its Flow

The Half-Life of Facts: Burton and Kebler’s 1960 Borrowed Metaphor, Poynard’s Forty-Five-Year Measurement of Clinical Truth, and Why the Long-Term Equity Investor Dates Every Input to a Thesis

Hanlon’s Razor: Bloch’s 1980 Printing of an Older Warning, the Arithmetic of Intent and Error, and Why the Long-Term Equity Investor Writes the Tripwire Before the Surprise

Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis