Accounting Changes and Error Corrections
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.

Course Publication Date: September 04, 2018

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $30.00!

Author:Delta CPE
Course No:ACT-CHNGERR-40058
Recommended CPE:3.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
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Learning Objectives
  • Recognize the different types of accounting changes.
  • Identify the accounting changes and disclosures necessary for changes in inventory method.
  • Recognize a change in a reporting entity and the effect of a change in accounting estimate.
  • Identify examples of a correction of an error in previous financial statements and analyze the effect of errors.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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