Why Modification Date Cannot Be On Same Date as the Effective Date

video1.0<iframe src="https://www.loom.com/embed/813efca1d8194ec098bc3885bc7dbc67" frameborder="0" width="1728" height="1296" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>12961728Loomhttps://www.loom.com12961728https://cdn.loom.com/sessions/thumbnails/813efca1d8194ec098bc3885bc7dbc67-78190754f3e50e3c.gif115.088Why Modification Date Cannot Be On Same Date as the Effective DateIn this video, I explain why modification dates effective cannot align with commencement dates using a lease example. When extending accounting end dates, the effective dates must be after the commencement date to avoid errors. No specific action requested from viewers.