Chapter+21+Lesson+_3+outline

Chapter+21+Lesson+_3+outline - Chapter 21...

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    Chapter 21 Chapter 21     Accounting Changes and Error Analysis Accounting Changes and Error Analysis
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2 Questions from last class Questions from last class E 21-9 E 21-11
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3 Accounting Changes Accounting Changes and Error Analysis and Error Analysis Changes in Accounting Changes in Accounting Policies and Estimates, Policies and Estimates, and Errors and Errors Types of accounting changes •Alternative accounting methods Accounting standards Retrospective application – change in accounting policy Retrospective restatement – correction of error •Prospective application •Summary of accounting changes IFRS and Private IFRS and Private Enterprise GAAP Enterprise GAAP Comparison Comparison Comparison of IFRS and private enterprise GAAP Adoption of IFRS Adoption of accounting standards for private enterprises (ASPE) •Looking ahead Perspectives Perspectives Motivations for change •Interpreting accounting changes
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Motivations for Change Motivations for Change 1. . 2.
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This note was uploaded on 12/16/2011 for the course ACTG 3P33 taught by Professor N-a during the Fall '08 term at Brock University.

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Chapter+21+Lesson+_3+outline - Chapter 21...

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