ACC331-A 11/5/2018 Chapter 4 Questions9, 10, 11, 12, 14, 15, 16, 17, 19, 20, 21 9. What is meant by a change in accounting principle? Describe the possible accounting treatments for a mandated change in accounting principle.
10. Accountants very often are required to make estimates and very often those estimates prove incorrect. In what period(s) is the effect of a change in an accounting estimate report.