What does accounting change mean?

accounting change meaning in Law Dictionary

Changing practices, estimates, or power voters. Its disclosed in records in monetary statements.

accounting change meaning in Business Dictionary

Alterations or changes that affect (1) bookkeeping methods (such as a new decline schedule, or changeover from money basis accounting to accrual basis accounting, or the other way around), (2) bookkeeping quotes (such as for example profits shortfall or amount of bad debts), or (3) bookkeeping entity (such as for example after a merger or takeover). Bookkeeping changes should be disclosed in the records (footnotes) associated economic statements.