Change in Accounting Principle due to Adoption of SFAS No. 142. In 2001, the Financial Accounting Standards Board (or FASB) issued SFAS No. 142, Goodwill and Other Intangible Assets ...
Income before cumulative effect of a change in accounting principle 1 : 3,164 : 2,673 : 2,236 : 2,118 : 1,836: Net income : 3,069 : 2,673 : 2,236 : 2,118 : 1,836: Earnings per share:
Treat prospectively - no cumulative effect and no restatement; If an event is both a change in accounting principle and a change in accounting estimate - treat as a change in accounting estimate
effect of change in accounting principle $ 2.60 $ 2.43: 7.0% Earnings per share before cumulative. effect of change in accounting principle: 0.52: 2.30
1) The cumulative effect of a change in an accounting principle in 1999 reflects the after-tax effect of the first-quarter write-off of the unamortized balance of capitalized ...