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Unformatted text preview: 22-4 and 22-5 on pages 1158 and 1159) for previous periods and a journal entry to change affected amounts for the current period. Write overs are not made for indirect effects of retrospective adjustments B. Changes in accounting estimates : Report prospectively (change presented current period and future amounts. See the list on the top of page 1164 for financial statements requiring estimates, and are likely to require change in estimates. C. Changes in depreciation methods are accounted for as changes in estimate effected by changes in accounting principle . 1...
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- Spring '08