Any errors or adjustments resulting from changes in accounting policies that are accounted for retrospectively requires:

Question

Quizplus · Accepted Answer

Retrospective adjustments to changes in accounting policies affect both basic and diluted earnings per share calculations. This is because the adjustments are made to the historical periods presented in the financial statements, which would impact both the numerator and denominator used in calculating both basic and diluted earnings per share.

Any Errors or Adjustments Resulting from Changes in Accounting Policies