• Course Information

    Title: Accounting Changes and Error Corrections
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A018-0388
    CPE Credits: 3.0
    Price: $27.95
    Add to Cart

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 dramatic impact on a company's financial statements. This course covers the accounting, reporting, and disclosures associated with changes in accounting principles (method), estimates, and reporting entities as stipulated in ASC 250-10-05, Accounting Changes and Error Corrections: Overall.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

Policies: Click here

Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 08/08/2018

For More Detail: Click here

If you are unable to view PDF then right click the mouse and click save link as

Objectives

Objectives:
1. Recognize the different types of accounting changes.
2. Identify the accounting changes and disclosures necessary for changes in inventory method
3. Recognize a change in a reporting entity and the effect of a change in accounting estimate.
4. Identify examples of a correction of an error in previous financial statements and analyze the effect of errors.

For More Objectives: Click here

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.

Start Saving on Your CPE Today!

Join MasterCPE