USCPA每日一练之FAR【2015-11-10】

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　　Which of the following describes the appropriate reporting treatment for a change in accounting estimate?

　　A. In the period of change with no future consideration.

　　B. By restating amounts reported in financial statements of prior periods.

　　C. By reporting pro forma amounts for prior periods.

　　D. In the period of change and future periods if the change affects both.

　　Answer:D

　　D is corrent. The requirement is to identify the appropriate reporting treatment for a change in accounting estimate. D is corrent because a change in accounting estimate is accounted for in the period of the change and future periods if the change affects both.

　　A is incorrect because a change in estimate may affect future periods.

　　B is incorrect because amounts are restated only for errors in financial statements.

　　C is incorrect because pro forma amounts for prior periods are not required.

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