Accounting Changes and Error Corrections F31-13b

What are disclosures for principle changes?

Disclosures for principle changes:

1. Nature and reason for the change
2. Method of applying the change
3. The effect of the change on income from continuing operations and net income, and all other affected line items
4. The cumulative effect on retained earnings
5. If it was not practicable to apply the retrospective method to all periods
6. Summaries of financial results