Answered: In recent years, the Wall Street…

In recent years, the Wall Street Journal has indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 2GI

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Accounting Policies, Changes in Accounting Estimates and Errors

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In recent years, the Wall Street Journal has indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods? Provide an example of a company that have changed their accounting methods in recent years and explain why.
What are the major reasons why companies change accounting methods? Provide an example of a company that have changed their accounting methods in recent years and explain why?
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