What Is the GAAP Requirement of Accounting for a Change

question 42

Essay

What is the GAAP requirement of accounting for a change in estimates?

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Definitions:

Diathesis-Stress Model

A psychological theory that explains behavior as both a result of biological and genetic factors ("diathesis") and life experiences ("stress").

Conversion Disorder

A mental condition in which a person shows psychological stress in physical ways without a medical cause, previously known as hysteria.

Medical Reason

Justifiable cause based on health or physical condition that explains a particular decision, action, or outcome in a medical context.

Paranoid Personality Disorder

A personality disorder characterized by persistent suspiciousness but not involving the disorganization of paranoid schizophrenia.