Give an Example of a Change in Accounting Policy Which

question 4

Essay

Give an example of a change in accounting policy which does not require retrospective treatment and explain why.

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Definitions:

Semiprogrammed

Decisions that have some elements of uncertainty and require a mix of established procedures and creative solutions.

Nonlinear

Nonlinear describes processes or relationships that do not follow a straight line or proportionality, showing complex dependencies.

Contingent Decisions

Decisions made based on the specific conditions or circumstances prevailing at the time, rather than following a strict policy or guideline.

Decision Rules

Guidelines or criteria used to choose among alternatives in the decision-making process.