Accounting Changes and Error Corrections F31-11b

What are not considered accounting principle changes?

1. Initial adoption of a new principle to new events for the first time or for events that were immaterial in their effect in the past
2. Adoption or modification of a principle for transactions that are clearly different in substance from those in the past.
3. A change in method that is a planned procedure as part of the normal application of a method.
4. The change from a principle that is not generally accepted to one that is accepted (treat as an error correction).