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It is said that a change in the way financial information is presented is a changed in accounting policy.
Why is calculating the value of inventory from perpetual inventory records instead of year end physical count a change in accounting policy?
“Why is calculating the value of inventory from perpetual inventory records instead of year end physical count a change in accounting policy?”
What makes you think that it is?
It doesn’t sound like a change in policy to me
An example of “a change in the way that information is presented” would be where the statement of cash flows is presented this year using the direct method whereas last year the indirect method was used
OK?