Can the exemptions in Section 1500, First-time Adoption, be applied subsequent to the adoption of the accounting standards for private enterprises?
Related Questions
- Section 1506, Accounting Changes, requires disclosures about future changes in accounting standards. Do private enterprises have to make these disclosures between now and the adoption of the new standards?
- If an enterprise concludes that it has no significant accounting policy changes on adoption of accounting standards for private enterprises, what sort of disclosure should it make on adoption?
- When it comes to accounting standards, where public companies tread, are private companies sure to follow?
