Kinh doanh - Marketing
Kinh tế quản lý
Biểu mẫu - Văn bản
Tài chính - Ngân hàng
Công nghệ thông tin
Tiếng anh ngoại ngữ
Kĩ thuật công nghệ
Khoa học tự nhiên
Khoa học xã hội
Văn hóa nghệ thuật
Sức khỏe - Y tế
Văn bản luật
Nông Lâm Ngư
Kỹ năng mềm
Luận văn - Báo cáo
Giải trí - Thư giãn
Tài liệu phổ thông
Văn mẫu
Giới thiệu
Đăng ký
Đăng nhập
Tìm
Danh mục
Kinh doanh - Marketing
Kinh tế quản lý
Biểu mẫu - Văn bản
Tài chính - Ngân hàng
Công nghệ thông tin
Tiếng anh ngoại ngữ
Kĩ thuật công nghệ
Khoa học tự nhiên
Khoa học xã hội
Văn hóa nghệ thuật
Y tế sức khỏe
Văn bản luật
Nông lâm ngư
Kĩ năng mềm
Luận văn - Báo cáo
Giải trí - Thư giãn
Tài liệu phổ thông
Văn mẫu
Thông tin
Điều khoản sử dụng
Quy định bảo mật
Quy chế hoạt động
Chính sách bản quyền
Giới thiệu
Đăng ký
Đăng nhập
0
Trang chủ
Tài Chính - Ngân Hàng
Kế toán - Kiểm toán
Lecture Intermediate accounting (7e) - Chapter 20: Accounting changes and error corrections
Đang chuẩn bị liên kết để tải về tài liệu:
Lecture Intermediate accounting (7e) - Chapter 20: Accounting changes and error corrections
Tuấn Chương
150
20
ppt
Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
In this chapter we examine the way accounting changes and error corrections are handled in a variety of situations that might be encountered in practice. We see that most changes in accounting principle are reported retrospectively. Changes in estimates are accounted for prospectively. A change in depreciation methods is considered a change in estimate resulting from a change in principle. Both changes in reporting entities and the correction of errors are reported retrospectively. | Chapter 20 Accounting Changes and Error Corrections Chapter 20: Accounting Changes and Error Corrections. In this chapter we examine the way accounting changes and error corrections are handled in a variety of situations that might be encountered in practice. We see that most changes in accounting principle are reported retrospectively. Changes in estimates are accounted for prospectively. A change in depreciation methods is considered a change in estimate resulting from a change in principle. Both changes in reporting entities and the correction of errors are reported retrospectively. Accounting Changes The three types of accounting changes are a change in accounting principle, a change in accounting estimate, and a change in reporting entity. A change in accounting principle involves changing from one generally accepted accounting principle to another generally accepted accounting principle. A change in accounting estimate occurs when new information becomes available that allows a new and better estimate. A change in reporting entity is a change from reporting as one type of entity to another type of entity. Note that a change in depreciation methods is a change in estimate that is achieved by a change in accounting principle. Correction of an Error The correction of an error is another adjustment sometimes made to financial statements that is not actually an accounting change but is accounted for similarly. Errors occur when transactions are either recorded incorrectly or not recorded at all, as shown in the table on this screen. Error Corrections and Most Changes in Principle Retrospective Two Reporting Approaches Prospective Revise prior years’ statements (that are presented for comparative purposes) to reflect the impact of the change. The balance in each account affected is revised to appear as if the newly adopted accounting method had been applied all along or that the error had never occurred. Adjust the beginning balance of retained earnings for . | Chapter 20 Accounting Changes and Error Corrections Chapter 20: Accounting Changes and Error Corrections. In this chapter we examine the way accounting changes and error corrections are handled in a variety of situations that might be encountered in practice. We see that most changes in accounting principle are reported retrospectively. Changes in estimates are accounted for prospectively. A change in depreciation methods is considered a change in estimate resulting from a change in principle. Both changes in reporting entities and the correction of errors are reported retrospectively. Accounting Changes The three types of accounting changes are a change in accounting principle, a change in accounting estimate, and a change in reporting entity. A change in accounting principle involves changing from one generally accepted accounting principle to another generally accepted accounting principle. A change in accounting estimate occurs when new information becomes available that allows a
TÀI LIỆU LIÊN QUAN
Lecture Intermediate accounting (15th edition): Chapter 10 - Kieso, Weygandt, Warfield
Lecture Intermediate accounting (15th edition): Chapter 11 - Kieso, Weygandt, Warfield
Lecture Intermediate accounting (16th edition): Chapter 10 - Kieso, Weygandt, Warfield
Lecture Intermediate accounting (16th edition): Chapter 11 - Kieso, Weygandt, Warfield
Lecture Intermediate accounting - Chapter 2: Review of the accounting process
Lecture Intermediate accounting: IFRS edition - Chapter 2: RevieW of the accounting process
Lecture Intermediate accounting: IFRS edition - Chapter 2: RevieW of the accounting process
Lecture Intermediate accounting (4/e): Chapter 2 - Spiceland, Sepe, Tomassini
Lecture Intermediate accounting (7e) - Chapter 20: Accounting changes and error corrections
Lecture Intermediate accounting: IFRS edition - Chapter 1: Environment and theoretical structure of financial accounting
crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.