ACCOUNTING CHANGE
It is a change in an accounting principles or estimates and even in the reporting entity. A change in a principle will automatically be a change in a method used like using a depreciation method or switching LIFO going to FIFO. While a recalculation of a machine’s estimated life can be an example of an estimates change while the reporting entity can be changed due to a merger or a separation of a company.
Changes in accounting will require full disclosure of the footnotes of the financial statements, it will also describe the effects of the change financially. It will also allow the reader of the statement to understand the changes appropriately.
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Put To Seller
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
