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Sydney Ltd decided to change its accounting for employee entitlements, to accrue the expense sooner than had been done previously. The effect on provision for
Sydney Ltd decided to change its accounting for employee entitlements, to accrue the expense sooner than had been done previously. The effect on provision for employee entitlements as at the end of 2013 was to increase it by $14,000. By the end of 2014 , the liability would go up by $21,000. Ignore tax What would be the effect of the change on 2014 cash from operations?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
