Error adjustment for previous year in regarding to year end reporting

原来

The issue is,"If the company recognized some fixed assets as stocks at the previous years, what adjustment should be taken?
I did some research, according to IAS8,
"The general principle in IAS 8 is that an entity must correct all material prior period errors retrospectively in the first set of financial statements authorised for issue after their discovery by:

1)restating the comparative amounts for the prior period(s) presented in which the error occurred; or
2)if the error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities and equity for the earliest prior period presented."

However, my boss's boss advice us the adjustment should be taken through retained earning. My question is which is the safe and correct way to do it, P/L or retained earning?
Any comments are appreciated.

lesli1109

楼主是说公司在上个财政年度把一些固定资产错误地确认成了存货, 现在要进行调整是吗?

我的理解是：如果你公司上个财年的P/L 已经关闭了的话，那这个调整应该是直接调整Retained earnings, 因为去年P/L已经关闭了，所有对P/L items的调整应该直接调整到Retained earnings.

如果你公司上个财年的P/L还没有关闭的话，那可以直接调整到P/L.

实在确定不了的话，你们应该有auditor的吧，直接给他们打电话。