Time is an important resource that every enterprise treasures and tries to convert in a benefit. When picking document management application, be aware of a clutterless and user-friendly interface that empowers consumers. DocHub delivers cutting-edge tools to maximize your document administration and transforms your PDF file editing into a matter of one click. Replace Page in the Accounting Contract with DocHub to save a ton of time as well as improve your productivity.
Make PDF file editing an simple and intuitive operation that saves you plenty of valuable time. Effortlessly alter your files and send them for signing without the need of adopting third-party solutions. Focus on relevant tasks and boost your document administration with DocHub starting today.
in this video Im gonna show you how to account for a change in accounting estimate so estimates are a big part of accounting managers have to estimate how much bad debt therell be what will be the useful life and salvage value of any property plant equipment what kind of warranty liabilities will the company have and so theyre going to make mistakes because the estimates are gonna be off and so were gonna have to make adjustments and revisions from time to time when we learn that our estimate was not right and so what were gonna do is were gonna use something called prospective application which is basically we just fixed the mistake and we move forward okay so we dont go back and restate the prior periods financial statements if we just learned that oh okay the useful life of this property plant equipment is going to be 20 years instead of 16 years we make the change we figure out what the new depreciation is gonna be and that going forward thats the amount of depreciation we