In the year of a change in an accounting policy, the change and its impact must be disclosed in the notes to the financial statements.

Name: In the year of a change in an accounting policy, the change and its impact must be disclosed in the notes to the financial statements.
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Quizplus · Accepted Answer

Changes in accounting policies must be disclosed in the notes to the financial statements to ensure transparency and provide users with information on how the change affects the financial position and performance.

In the Year of a Change in an Accounting Policy