Corrections to the beginning balance of Retained Earnings for errors of an earlier period are called:

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Prior-period adjustments are made to correct errors in the Retained Earnings balance from earlier accounting periods. These adjustments are reflected in the current period's financial statements. Cumulative error adjustments and extraordinary items are not specific to Retained Earnings, while cumulative effect of change in accounting principle refers to a different type of accounting adjustment altogether.

Corrections to the Beginning Balance of Retained Earnings for Errors