Accounting Changes
CONTENTS Paragraph
Numbers
Introduction 1-5
Scope of Opinion 2-5
Types of Accounting Changes 6-13
Change in Accounting Principle 7-9
Change in Accounting Estimate 10-11
Change in estimate effected by a change in
accounting principle 11
Change in the Reporting Entity 12
Correction of an Error in Previously Issued Financial
Statements 13
Views on Reporting Changes in Accounting Principles 14
Opinion 15-39
Justification for a Change in Accounting Principle . . . 15-16
General Disclosure — A Change in Accounting
Principle 17
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1971 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 666 FIFTH AVENUE, NEW YORK, NEW YORK 10019
OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
JULY 1971
20
