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Financial Reporting > Accounting Policies, Estimates and Errors > Flashcards

Accounting Policies, Estimates and Errors Flashcards

1
Q

When are Errors adjusted

A

Retroactively

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2
Q

When are estimates corrected

A

Prospectively

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3
Q

When are policy changes adjusted

A

Retroactively

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Financial Reporting (17 decks)

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