ACC 423 Week 5 DQ-acc423dotcom
ACC 423 Week 5 DQ (New)
ACC 423 Week 5 DQ (New)
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<strong>ACC</strong> <strong>423</strong> <strong>Week</strong> 5 <strong>DQ</strong> (New)<br />
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http://www.acc<strong>423</strong>.com/product-22-<strong>ACC</strong>-<strong>423</strong>-<strong>Week</strong>-5-<br />
<strong>DQ</strong>-(New)<br />
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www.acc<strong>423</strong>.com<br />
What is a change in accounting principle? How do you determinate if<br />
a change in principle should be reported retroactively, currently or<br />
prospectively? How do these changes affect financial statements?<br />
Why do accountants make errors? What types of errors may occur?<br />
Why is it necessary to correct them? Whit are the ramifications of not<br />
correcting errors? What are some examples of counterbalancing errors?<br />
What are some examples of noncounter balancing errors? What are<br />
the differences between counterbalancing and noncounter balancing<br />
errors? How are each handled? Does it matter if the books are closed?<br />
Why or why not.
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