Discussion: Week 7 – Reporting Accounting Changes

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Discussion: Week 7 – Reporting Accounting Changes

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Discussion: Week 7 – Reporting Accounting Changes

Reporting Accounting Changes

Consistency is one of the GAAP policies that adds value and usefulness to the decision maker. Reporting accounting changes adds to the consistency of the financial statements.  

How does the reporting of accounting changes keep financial statements consistent? 

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This question is taken from Accounting 180 – Financial Analysis and Computations » Spring 2021 » Discussions