Accounting Changes and Error Corrections (Paperback) (ISBN-13: 9781642212914)

This manual clarifies for the accountant when accounting issues will require an adjustment to prior period financial statements, and when they only impact current or future reporting periods. The manual does so by noting the differing treatments of changes in accounting principle, accounting estimate, and reporting entity. Coverage is also provided for the correction of errors in previously issued financial statements and the concept of materiality (which pertains to the correction of accounting errors). In short, this manual provides the accountant with a complete toolkit of solutions for dealing with accounting changes and error corrections.

Author: Steven M. Bragg
ISBN-10: 1642212911
ISBN-13: 9781642212914
Publisher: Accountingtools, Inc.
Language: English
Published: 05/30/2025
Pages: 26
Format: Paperback
Weight: 0.14lbs
Size: 10.00h x 7.00w x 0.05d