In SFAS No. 154, changes in accounting principle result in a restatement, whereas under APB Opinion No.

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In SFAS No. 154, changes in accounting principle result in a restatement, whereas under APB Opinion No. 20, a change in accounting principle is handled in a pro forma manner. How does a restatement differ from a pro forma presentation?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1483375021

9th edition

Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki

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Question Posted: Oct 05, 2018 07:03 AM

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In SFAS No. 154, changes in accounting principle result in a restatement, whereas under APB Opinion No.

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Accounting Theory Conceptual Issues in a Political and Economic Environment

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