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How is a change from a non-GAAP accounting method to a GAAP method recorded?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 20DQ

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Question

How is a change from a non-GAAP accounting method to a GAAP method recorded?

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Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to create accounting principles for the implementation of financial information reporting.

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Accounting Policies, Changes in Accounting Estimates and Errors

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