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When an entity changes its accounting from one generally accepted method to another generally accepted method?
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What has the author Daniel B Thornton written?
Daniel B. Thornton has written: 'The financial reporting of contingencies and uncertainties' -- subject(s): Accounting, Contingencies in finance 'Law and economics of unanticipated changes in generally accepted accounting principles' -- subject(s): Accountants, Accounting, Law and legislation 'GAAP (Generally Accepted Accounting Principles) vs. TAB (Tailored Accounting Principles) in lending agreements' -- subject(s): Accounting, Bonds, Securities
What are Advantages of accounting for price level changes?
advantages of price level accounting
What are importance of footnotes?
The footnotes to the financial statements should describe the earnings impact of any changes in accounting policy, or changes in estimates (Financial Accounting Standards Board Statement No. 154)
What is Normative accounting?
Normative Theory is a theory that prescribes how a process of accounting should be done. This theory is not based on observation and may suggest radical changes to current practices in accounting
Financial information does not demonstrate consistency when?
A company changes accounting principle.
Can office and tax accounting software packages handle multiple currencies?
You have to go into the accounting software settings to select currency changes.
What are the current changes in international accounting standard 1?
Changes to the structure of financial statements; inclusion of statement of changes in equity; The pattern of disclosure and classification.
How do you get your high school to start an njrotc unit?
Each year high schools can apply for a unit. They are review and generally accepted if the school is willing to make the necessary changes to host an NJROTC unit.
How is A change in depreciation methods is accounted for?
Prospectively, like changes in accounting estimates
Fair value changes are not recognized in the accounting records?
historical cost principle
What is the cost of 1 kilowatt hour?
12.5 p is generally accepted as a typical average cost, however it changes depending on too many factors to list here. When in doubt check with your electricity supplier.
Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though in theory this may be a violation of the accounting concept of?
Consistency
