Harnischfeger Corporation made several accounting policy changes and estimates in 1984 that affected reported profits. This included starting to record sales and costs from a partnership, including foreign subsidiaries in financial statements, changing depreciation methods, and adjusting allowance for doubtful accounts. Management appears to have made these changes to improve financial results and compliance after a crisis in 1982. Going forward, cost cutting and new strategies position the company for improved performance, though competitive positioning in new areas is uncertain from the available information.