Question
Why did the accounting profession choose to handle changes in estimates using the prospective approach instead of the retrospective approach? Do you think information that
Why did the accounting profession choose to handle changes in estimates using the prospective approach instead of the retrospective approach? Do you think information that is important to the user of financial statements is lost by using this approach?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
