Changing Form Y to a Delta is a process that involves modifying a company’s financial statements to reflect the adoption of new accounting standards. Form Y is a financial statement that is used by companies to report their financial performance to the Securities and Exchange Commission (SEC). Delta is a new accounting standard that was adopted by the SEC in 2018. The main difference between Form Y and Delta is that Delta requires companies to use a fair value measurement for certain assets and liabilities. This change can have a significant impact on a company’s financial statements.
There are several reasons why a company might need to change from Form Y to Delta. For example, a company may need to change if it is required to do so by the SEC. Additionally, a company may choose to change to Delta if it believes that it will provide a more accurate representation of its financial performance.