Change Accounting estimate vs Accounting Method

What’s the impact of each and which one needs to be reported and where. which one is disclosed in the footnotes. etc. and give an example of each.

accounting estimate, no change in previous years (5 year sl to 8 year sl) Change in acconting method, change previous years to reflect change (fifo/lifo, syd/sl)

KJH Wrote: ------------------------------------------------------- > accounting estimate, no change in previous years > (5 year sl to 8 year sl) > > Change in acconting method, change previous years > to reflect change (fifo/lifo, syd/sl) THANK YOU – JUST RECALL THIS ACRONYM: MYEN “MY - YEN” MEANS METHOD YES YOU ALTER THE PREVIOUS AND ESTIMATES NO YOU DONT MYEN