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reclassification adjustments

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(Querist)
08 July 2010 Dear all,
can any one please tell me what is "reclassification adjustments"?

thank you,
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VINOD ARORA

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VINOD ARORA (Expert)
06 August 2010 As per IAS/USGAAP, if there is some change in the accounting policy, then you have prepare your accounts retrospectively vis-a-vis new accounting policy. In the process, whatever adjsutments are made to closed accounts are called reclassification adjsutments.
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