- This topic has 3 replies, 3 voices, and was last updated 9 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>
Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Change in Accounting Policy
May I know that what are the accounts that we have to change the opening balance due to the change in accounting policy? Example: from FIFO to AVCO, from Straight Line to Reducing Balance.
Thank You for your answer.
The change will affect the accumulated depreciation and the retained earnings.
should be the retained earnings account
Have you read my previous reply?! 🙂