Discuss the accounting procedures for and illustrate the following (hint: be sure to describe the item, i.

Discuss the accounting procedures for and illustrate the following (hint: be sure to describe the item, i.e,. what is a change in estimate, provide some examples of each item a-c, and how are those items handled in the financial statements – addressing each item a-c):

(a) Change in estimate

(b) Change in reporting entity