change in accounting method
Definition
Adoption of accrual basis accounting in place of cash basis accounting (or vice versa). Depending on the jurisdiction, it may require the prior approval of (or notification to) the taxation authorities. Such changes must be declared in the notes to a balance sheet, and necessitate adjustments of accounting and financial data.
Popular 'Accounting & Auditing' Terms
change in accounting method in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/change-in-accounting-method.html







