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What Are the Changes in Accounting Principle That Require the Prospective

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What are the changes in accounting principle that require the prospective approach?


Definitions:

Authentic Leadership

Authentic Leadership is a leadership style characterized by genuine, transparent, and ethical behavior, where leaders are true to themselves and committed to their values.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Transactional Leadership

A leadership style focused on the supervision, organization, and performance; transactional leaders use rewards and punishments to motivate employees.

Self- Interest

The consideration of one's own advantage or well-being as the primary goal of actions and decisions.

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