What are the types of accounting changes

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Questions -

1. What are the types of accounting changes? What conditions need to he met to change accounting policies under ASPE and IFRS? What are the alternative methods suggested for reporting changes in the accounting? Describe their applications.

2. Why leasing is so important from business perspective? What conditions need to be met to classify a lease as a capital lease under ASPE? Please explain it with an example.

Reference no: EM133104187

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