14 CFR § 18

14 CFR · Aeronautics and Space

§ 18 — Objective Classification—Cumulative Effect of Changes in Accounting Principles

eCFR · current through Jul 31, 2026

Section 18 Objective Classification—Cumulative Effect of Changes in Accounting Principles
98 Cumulative Effect of Changes in Accounting Principles.

Record here the difference between the amount of retained earnings at the beginning of the period of a change in accounting principle and the amount of retained earnings that would have been reported at that date if the new accounting principle had been applied retroactively for all periods which would have been affected and by recognizing only the direct effects of a change and the related income tax effect.

[ER-948, 41 FR 12296, Mar. 25, 1976]

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Section 18 Objective Classification—Cumulative Effect of Changes in Accounting Principles 98 Cumulative Effect of Changes in Accounting Principles.

Record here the difference between the amount of retained earnings at the beginning of the period of a change in accounting principle and the amount of retained earnings that would have been reported at that date if the new accounting principle had been applied retroactively for all periods which would have been affected and by recognizing only the direct effects of a change and the related income tax effect.

[ER-948, 41 FR 12296, Mar. 25, 1976]

14 C.F.R. § 18 (Objective Classification—Cumulative Effect of Changes in Accounting Principles) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.