A Company Can Change from One Acceptable Accounting Principle to Another

question 129

Short Answer

A company can change from one acceptable accounting principle to another as long as the change __________________________________________ in its financial statements.

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Definitions:

Oedipus Complex

The Oedipus complex is a concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy and rivalry toward the same-sex parent.

Reality Principle

A psychoanalytic concept that refers to the ability of the ego to address the demands of the environment in a realistic manner, balancing the id's desires with the external world's constraints.

Unconscious Wishes

Desires or longings that an individual is not aware of but that influence emotions and behavior, according to psychoanalytic theory.

Reciprocal Determinism

A concept in psychology that suggests a person's behavior is influenced by both their personal characteristics and their environment in a mutual way.