Which of the following is NOT considered to be an accounting change?
A) change in accounting estimate
B) change in the composition of the board of directors
C) change in accounting policy
D) correction of a prior period error

Question

Quizplus · Accepted Answer

A change in the composition of the board of directors is not related to accounting and therefore not considered an accounting change. The other options- change in accounting estimate, change in accounting policy, and correction of a prior period error- are all accounting changes.

Which of the Following Is NOT Considered to Be an Accounting