Change In Accounting Principle

Business, Legal & Accounting Glossary

Definition: Change In Accounting Principle


Change In Accounting Principle


Full Definition of Change In Accounting Principle


A change in a basic accounting method used by a company. For example, a company may decide to change the method it uses to calculate depreciation or inventory. Such a change will be reflected in the current year’s income statement, and it may require revision of statements from previous years.


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Change In Accounting Principle. PayrollHeaven.com. Retrieved November 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/change-in-accounting-principle/

Definition Sources


Definitions for Change In Accounting Principle are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.