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Appendix A: Accounting Changes and Error Analysis Revisited (Cambridge)

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Across
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_____ _____ adjustment is an addition to or reduction in beginning retained earnings due to correction of errors.
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_____ _____ treatment applies accounting change only to the adoption period with cumulative effect adjustment to beginning retained earnings.
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A Change in Reporting _____ occurs as a result of presenting consolidated financial statements in place of statements of individual companies.
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A Change in Accounting _____ involves a revision when new information comes to light (e.g., Depreciation, Bad Debts, etc.).
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Process of revising previously issued financial statements to reflect error correction.
Down
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A threshold determined by management and auditors in which omission of an item would have an impact on the financial statements.
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_____ treatment reflects financial statement changes in the current period of change and future periods.
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_____ treatment revises prior period financial statements when presented for comparative purposes.
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Another word for accounting mistakes.
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A Change in Accounting _____ occurs when you switch from one GAAP accounting method to another.