Cum Effect of Acct Chg (mil) FY 1

Cumulative effect equals the difference between the actual retained earnings reported at the beginning of the year using the old method and the retained earnings that would have been reported at the beginning of the year if the new method had been used in prior years. Assume in 2005 a company goes from straightline depreciation to sum-of-the-years'-digits depreciation. In 2005, the new method is used to determine depreciation expense. However, the cumulative on prior years of the difference between straight-line (e.g., $50) and sum-of-the-years'-digits (e.g., $65) must be noted. The difference is charged to the cumulative effect account.

Available Time Periods
FY 1: Most recent fiscal year end
Last FY Qtr: Most recent fiscal quarter-end
FY 3 Mo: Most recent fiscal quarter 1
FY Cum (6 Mo): Most recent fiscal quarter 2 displayed on a cumulative basis
FY Cum (9 Mo): Most recent fiscal quarter 3 displayed on a cumulative basis