Accounting Change

Accounting Change

An adjustment to an accounting principle. For example, an accounting change may occur if new legislation allows companies to use a favorable depreciation method. Even without new legislation, the national governing body of accountants may make accounting changes. In all cases, accounting changes are announced publicly.
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Smith voted for the standard, but now he is concerned that the implementation pro cess will require "tremendous" costs, even for the industries for which the accounting change will be relatively modest.
MC) has announced that it has received a capital boost because of an accounting change in Brazil.
Now, the accelerated scope and pace of proposed changes toward convergence of accounting standards globally has increased the importance of understanding not only the technical details, but also a broad spectrum of implementation requirements and business and technology implications of what could be an unprecedented amount of accounting change.
But the lease accounting change "will affect anyone who leases equipment.
BANKING AND CREDIT NEWS-January 24, 2011--Benefit accounting change not to sway Verizon off Moody's investment rung(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-January 24, 2011--Benefit accounting change not to sway Verizon off Moody's investment rung(C)2011 M2 COMMUNICATIONS http://www.
To request an accounting change, a taxpayer must file IRS Form 3115 during the tax year for which the change is requested, and must generally pay a user fee.
154 requires retrospective application of the direct effects of an accounting change, unless it is impracticable to determine either the cumulative effect or the period-specific effects of the change (see "The Change Game," JofA, Dec.
9 million and income before an accounting change at $6.
This increase in likelihood of an income-increasing accounting change is attenuated when the cost of a covenant violation is lower because all the firm's bank debt is from a single lender, and occurs only for borrowers whose contracts have performance-pricing provisions and dividend restrictions.
Propelled by lower newsprint costs, the new accounting change that eliminates amortization of goodwill, and/or higher-than-expected advertising revenue from TV properties, four newspaper chains last week reported higher earnings per share (EPS) for the second quarter.
A taxpayer applying for the automatic accounting change under Rev.
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