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Subject Topic: changes in accounting tip... (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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rchxenson
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Joined: 22 Feb 2009
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Posted: 24 Apr 2009 at 15:50 | IP Logged  

Restate - only affects the year in which the change occured

Retrospective - affects every year that is shown on the comparitive FS

There may also be something about disclosure (ie retrospective requires greater disclosure)

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sonykiss
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Joined: 19 Mar 2009
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Posted: 27 Apr 2009 at 10:05 | IP Logged  

Thanks a million! You see that is why I am always promoting this site to my friends it is great!!

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