03-17-2008, 07:56 PM
Dear,
Although this issue carries some complexity but in my view it's a change in accounting estimate. As you said, "the revised formula is more accurate", the estimates are revised to give more accurate results. However, there coud be dissenting comments on my conclusion as well.
In my view, this is a change in accounting estimate and this will be applied prospectively.
Regards,
KAMRAN.
Although this issue carries some complexity but in my view it's a change in accounting estimate. As you said, "the revised formula is more accurate", the estimates are revised to give more accurate results. However, there coud be dissenting comments on my conclusion as well.
In my view, this is a change in accounting estimate and this will be applied prospectively.
Regards,
KAMRAN.