change in accounting method definition

change in accounting method

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.

change in accounting method is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

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