DISCLOSURE NOTE In the first set of financial statements after the change, a disclosure note is needed to provide justification that the new method is clearly preferable. Should point out that comparative information has been revised, or that retrospective revision has not been made because it is impracticable Should report any per share amounts affected for the current period and all prior periods presented. T20-8
DISCLOSURE NOTE In the first set of financial statements after the change, a disclosure note is needed to provide justification that the new method is clearly preferable. Should point out that comparative information has been revised, or that retrospective revision has not been made because it is impracticable Should report any per share amounts affected for the current period and all prior periods presented. T20-8
Ch20%20Accounting%20Changes%20and%20Error%20Corrections.docx