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Anarel [89]
3 years ago
15

The term or phrase that describes all types of colleges is

SAT
1 answer:
Scorpion4ik [409]3 years ago
8 0
The term or phrase that describes all types of colleges is "postsecondary education" since the term "secundary" is related to medical education, so "postsecondary is education that you can only access after high school.
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When financial statements are revised to reflect the impact of a change in accounting principle, the <u>retrospective </u>approach is used.

<h3>What is financial statement?</h3>

Financial statement is use to record a company financial position as well as day to day operation or activities.

Hence, retrospective approach are often used in a situation where  financial statements are revised so as to reflect the impact of a change in accounting principle.

Learn more about Financial statement here:brainly.com/question/22941895

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