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15 Dec 2018
Accrual accounting necessarily involves professional judgment,because accruals depend on decisions about uncertain future events.These judgments and decisions include the choices of accountingpolicies that management determines to be most appropriate for thecircumstances.
Required:
Using the conceptual frameworks and other ideas, discuss whethera change in accounting policy should be treated prospectively orretrospectively.
Post a substantive response to the question (minimum250-300 words).
Accrual accounting necessarily involves professional judgment,because accruals depend on decisions about uncertain future events.These judgments and decisions include the choices of accountingpolicies that management determines to be most appropriate for thecircumstances.
Required:
Using the conceptual frameworks and other ideas, discuss whethera change in accounting policy should be treated prospectively orretrospectively.
Post a substantive response to the question (minimum250-300 words).
Keith LeannonLv2
17 Dec 2018