What is Current Adjustment

The cumulative effect of the use of the new method on the financial statements at the beginning of the period is computed and reported in the current years income statement as an irregular item.

Please join us on Facebook we appreciate your feedback. We really would like to hear from you.

We appreciate your comments and suggestions, and look forward to serving your needs in the future. It is our goal so serve up the very best in account and finance education.

Please join us on Google+ this will go a long way in helping us spread the word.