For the Following Types of Accounting Changes, Identify the Relevant

question 117

Essay

For the following types of accounting changes, identify the relevant criteria for each accounting change by selecting "yes," "no," or "N/A" (not applicable).
$$\begin{array} { | l | l | l | } \hline & \begin{array} { l } \text { Accounting change due to } \\\text { management choice } \\\text { (Yes, No, N/A) }\end{array} & \begin{array} { l } \text { Information known (or should } \\\text { have been known) in the prior } \\\text { period } \\\text { Yes, No, N/A) }\end{array} \\\hline \text { Error correction } & & \\\hline \begin{array} { l } \text { Change in estimate } \\\text { Change in accounting } \\\text { policy }\end{array} & & \\\hline\end{array}$$

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Definitions:

Fear of Social Blunders

This refers to the anxiety or apprehension individuals may feel about committing errors in social situations that could lead to embarrassment or ridicule.

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Experiences of physical, emotional, or sexual harm inflicted on an individual during their early years.

Low Self-Esteem

A negative evaluation of oneself, characterized by a lack of confidence and feeling unworthy of respect or value.

Cognitive Model

A framework in psychology that explains mental processes as the interactions of thoughts, emotions, and behaviors.