When a Company Makes an Accounting Change,Generally Accepted Accounting Principles

question 96

True/False

When a company makes an accounting change,Generally Accepted Accounting Principles require that the company make changes to financial statements of prior years.

---

Definitions:

Constructive Feedback

Informative and helpful feedback aimed at encouraging improvement without being negative or critical.

Communication Barriers

Obstacles in the process of communication that prevent effective exchange of ideas or information.

Communication Effectiveness

The degree to which communication achieves its intended outcome efficiently and effectively.

Intended Message

The message that an individual or organization aims to convey through their communication.