Data Dictionary
Item Number 4411
CUMULATIVE EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES FROM PRIOR YEARSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCK4411 | 1986-06-30 | 2000-12-31 | No | FR Y-9C |
| RIAD4411 | 1984-03-31 | 2000-12-31 | No | Multiple Forms |
Data Description:
Includes the cumulative effect, net of applicable income taxes, of those changes in accounting principles which are to be applied retroactively and require the restatement of prior years' financial statements. Also includes the effect of the retroactive application of any new accounting standard that the bank elects to retroactively apply if the new standard applies prospectively but permits retroactive application through the restatement of prior years' financial statements. The dollar amount of and the description of each cumulative effect included in this item is stated in Schedule RI-E items 4494 and 4495.
The cumulative effect of all other changes in accounting principles adopted during the calendar year-to-date must be reported in Schedule RI, item 11, "Extraordinary Items and Other Adjustments." (May refer to the Glossary entry for "accounting changes" for information on how to determine the amount of the cumulative effect of a change in accounting principle in the Report of Condition and Income Instruction Booklet.