Unusual or Infrequent Items
Discontinued Operations
Changes in Accounting Policy
Retrospective application means that the financial statements for all fiscal years shown in a company’s financial report are presented as if the newly adopted accounting principle had been used throughout the entire period. Notes to the financial statements describe the change and explain the justification for the change. Because changes in accounting principles are retrospectively applied, the financial statements that appear within a financial report are comparable.
Changes in Scope and Exchange Rates
