新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
2016年美國CPA練習題精選：Financial 58
How should the effect of a change in accounting estimate be accounted for?
a. By restating amounts reported in financial statements of prior periods.
b. By reporting pro forma amounts for prior periods.
c. As a prior period adjustment to beginning retained earnings.
d. In the period of change and future periods if the change affects both.
Explanation
Choice "d" is correct, a "change in accounting estimate" affects only the current and subsequent (future) periods, if the change affects both. It does not affect "prior periods," nor "retained earnings."
Choice "a" is incorrect. Restating prior years' financial statements is required when comparative financial statements are shown for prior period adjustments of "corrections of errors," "changes in entities," and changes in accounting principle.
Choices "b" and "c" are incorrect. A "change in accounting estimate" does not affect prior periods.
【我要糾錯】 責任編輯：小明
相關資訊
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號