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.
change in accounting method is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/change-in-accounting-method.html
email to a friend
print this definition
cite this definition
link to this page







