Did the company change its accounting policy during the period covered by its financial statements? Did the company correct an accounting error during the period covered by its financial statements? If yes,  include details.

Advanced Financial Reporting

Part 1: Accounting research
Part 2: Leases
Part 1 Accounting research
First part of assignment (which replaces the exam in 2021) is based on research undertaken on 25 companies (groups) which follow IFRS. The assignment is focused on main topics covered in Advanced Financial Reporting module. Students are required to download 25 annual reports of companies that prepare their consolidated financial statements in accordance with IFRS and conduct research answering the questions set by the tutor.
Requirements:
Discuss the main requirements of following standards:
IAS 8 Accounting Policies, Change in Accounting Estimates and Errors
IAS 10 Events after the Reporting Period
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IFRS 3 Business combinations
Conduct a research based on 25 consolidated financial statements of companies that prepare their financial statements according to IFRS. Companies can be from whichever country in the world.
In your research, use 2020 annual financial statements (which are included in company’s annual reports). Answer the following questions:
IAS 8: Did the company change its accounting policy during the period covered by its financial statements?
IAS 8: Did the company correct an accounting error during the period covered by its financial statements? If yes,  include details.
IAS 10: What did the company mention as Events after the reporting period?
IAS 37: What are the areas the company recognised provisions for?
IAS 37: What are the areas the company disclosed as its contingent liabilities?
IAS 37: Did the company disclose any contingent assets? If yes, please include details.
IFRS 3: Did the company acquire a new subsidiary in the period covered by its financial statements? If yes,  include the names of subsidiaries acquired (or, if this is not explicitly stated, the number of subsidiaries acquired) and describe what the company discloses about these acquisitions.
Prepare a table including list of companies, sector of their business (industry) and your findings on company-by-company basis (this table MUST be included in your paper).
Present the findings in the form of charts (where possible) or text describing your findings. The form of charts is on your deliberation.
Prepare a brief summary of your findings (for example, how many companies from your sample acquired a new subsidiary, how many companies changed their accounting policies, how many companies corrected an error, what are typical events after the reporting period…).
Note: Do NOT include Financial Institutions (i.e., banks, insurance companies and lease companies) in your sample.
When including companies in your sample, please double check that they DO prepare their consolidated financial statements in accordance with IFRS.