Intermediate Accounting - McGraw-Hill中级会计-麦格劳山.pptVIP

Accounting Changes Types of Accounting Changes There are three general types of accounting changes: changes in accounting policy voluntary, at the option of management or at the request of a user involuntary, to comply with new CICA Handbook recommendations changes in accounting estimates correction of an error in previous periods’ financial statements Changes in Policy A change in accounting policy is a change in the way that a company accounts for a particular type of transaction or event, or for the resulting asset or liability A change in accounting policy must not be confused with adopt