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How to Account for a Change in Reporting Entity

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Harshitha Y K

Good 2023-12-14

Ishwarya.s

Interesting topic with detailed explanation 2023-12-03

Varshini Murthy

Excellent teaching 2023-11-11

Deepa

Tally ERP 9 course is needed 2023-10-13

Meenu J A

Easy to understand 2023-10-01

Afroz Khan

Excellent 2023-09-28

Shalom Bindu

Very interesting and easy 2023-09-27

Gowry krishna P S

Easy to understand 2023-09-20

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Very easy to understand and quick to the point. 2023-09-05

Deva sri . M

Exemplary 2023-09-03

Abigail Dzidzinyo Kudotoh

The contents were easy to understand 2023-08-28

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ready 2023-08-19

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Course Description

An accounting change is a change in accounting principles, accounting estimates, or the reporting entity. A change in accounting principles is a change in a method used, such as using a different depreciation method or switching between LIFO to FIFO inventory valuation methods.What are the three types of accounting changes? Changes in accounting are of three types. They are changes in accounting principle, changes in accounting estimates, and changes in reporting entity. Accounting errors result in accounting changes too.What are the two main categories of accounting changes? Accounting changes are classified as a change in accounting principle, a change in accounting estimate, and a change in reporting entity.What are the changes in accounting policy? Changes in accounting policies is required by a standard or interpretation; or. results in the financial statements providing reliable and more relevant information about the effects of transactions, other events or conditions on the entity's financial position, financial performance, or cash flows.
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