Course Information
Accounting Changes and Error Corrections
Course Information
| Title: | Accounting Changes and Error Corrections |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | M124 |
| CPE Credits: | 3.0 |
| Price: | 27.95 |
Description
Description:
A company’s financial statements sometimes report significantly different results from year to year. This may be due to changes in economic circumstances, but it may also be due to changes in accounting methods or corrections of errors in recording past transactions. Changing the accounting method used can have a dramatic impact on a company’s financial statements. This course provides a comprehensive overview of the accounting treatments and disclosure requirements pertaining to accounting changes and error corrections as stipulated in ASC 250 Accounting Changes and Error Corrections. It discusses the different types of accounting changes and error corrections and the related reporting implications within an entity’s financial statements. Specifically, it includes excerpts from and references to ASC 250, interpretive guidance, and examples. It also provides insights from the Securities and Exchange Commission (SEC) staff.
Delivery Method: Online Interactive Self Study
Level: Intermediate
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details: Accounting is a technical field of study.
For More Detail:
If you are unable to view PDF then right click the mouse and click save link as
Objectives
Objectives:
1. Identify the different types of accounting changes and error corrections 2. Recognize how to account for accounting changes and error corrections 3. Identify the effect of errors in prior-period financial statements
For More Objectives:
If you are unable to view PDF then right click the mouse and click save link as
Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA