Hedge Accounting, FIN 46, Force Principal Residential to Restate 3rd Quarter Earnings The Principal Financial Group had to shuffle some $32 million in earnings back from the third quarter to the fourth quarter of last year because of accounting issues related to its mortgage banking unit. The revision, which only affected the timing of when the earnings were recognized and not the amount, resulted from the company’s adoption of FASB Interpretation No. 46, which covers