ACCOUNTING CHANGES AND ERROR ANALYSIS

Changes in accounting principles. They are classified in three possible ways. Describe those ways and give a couple of examples of each. Find a company that had a change in an accounting principle recently. Many companies have changes in accounting principles. One way to facilitate this process is to review the Independent Auditors' Report for a company, because a company is required to disclose any material changes in accounting principles there. Briefly summarize anything you found interesting about this company's accounting change(s).