Full retrospective approach must be used unless it is not practical to do so. If not practical to do so, then use modified retrospective approach. If supportable information is not available for modified retrospective approach then entity can use the fair value approach.
Comments
Full retrospective approach must be used unless it is not practical to do so. If not practical to do so, then use modified retrospective approach. If supportable information is not available for modified retrospective approach then entity can use the fair value approach.