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ACC 423 Week 5 DQ 1

ACC 423 Week 5 DQ 1
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ACC 423 Week 5 DQ 1

What is a change in accounting principle? How do you determine if a change in principle should be reported retroactively, currently, or prospectively? How do these changes affect the financial statements?  What experience do you have with change in accounting principle in your organization or an organization you are familiar with?

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