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Pas 8 - Acctg Policies, Changes in Acctg Estimates & Errors
Pas 8 - Acctg Policies, Changes in Acctg Estimates & Errors
Learning Objectives
• Define the following and give examples: (1) Change in
accounting policy, (2) Change in accounting estimate, and (3)
Error.
• Differentiate between the accounting treatments of the
following: change in accounting policy, change in accounting
estimate, and correction of prior period error.