What do we mean by a change in accounting estimates how is


What do we mean by a change in accounting estimates? How is a change in accounting estimate different than a change in accounting principle? Why did the accounting profession choose to handle changes in estimates using the prospective approach instead of the retrospective approach?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: What do we mean by a change in accounting estimates how is
Reference No:- TGS01662839

Expected delivery within 24 Hours