08-17-2003, 06:00 AM
Change from an annual average pricing to monthly averge pricing is a change in accounting policy.
I believe the change is material as it will continue to affect the future years stock valuation hence needs disclosing.
If the effects of this change has material impact on the profits, you should consider the need of restating last years comparatives.
This is my opinion only, plese make your own judgements for the purpose of any reporting or advising clients.
I believe the change is material as it will continue to affect the future years stock valuation hence needs disclosing.
If the effects of this change has material impact on the profits, you should consider the need of restating last years comparatives.
This is my opinion only, plese make your own judgements for the purpose of any reporting or advising clients.
