... Board Reporting Corrections of Errors and Changes in Accounting Principle October 2001 INTRODUCTION INTRODUCTION Statement of Federal Financial Accounting Standards No 7, Accounting for Revenue and ... Federal Accounting Standards Advisory Board Reporting Corrections of Errors and Changes in Accounting Principle October 2001 ACCOUNTING STANDARD ACCOUNTING STANDARD Paragraph 76 of SFFAS No 7, Accounting ... No 7, Accounting for Revenue and Other Financing Sources (SFFAS No 7), which was issued in April 1996 II Paragraph 76 of SFFAS No 7, entitled Prior Period Adjustments, addresses accounting changes...