14 CFR § 18

14 CFR · Aeronautics and Space

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

14 CFR § 18

TitleTitle 14: Aeronautics and Space PartPart 241: Uniform System of Accounts and Reports for Large Certificated Air Carriers

SourceeCFR (current through Mar 10, 2026)

This text of 14 C.F.R. § 18 (Objective Classification—Cumulative Effect of Changes in Accounting Principles) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

14 C.F.R. § 18 (2026).

Text

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]