Accounting Changes and Error Corrections
SKU: 02-078-01-CPE
Credit Hours: 2
Level: Basic
CPE Category: Accounting
Requires Prerequisites or Advanced Preparation: No
Delivery Method: PDF
Instructor: Kelen F. Camehl, CPA, MBA
Course Description:
This course provides a comprehensive overview of the accounting requirements with respect to accounting changes and error corrections and the related reporting implications within an entity's financial statements.
At the end of this course, students will be able to:
- List the different types of accounting changes and how they affect an entity’s financial statements
- Differentiate between the requirements for the different types of accounting changes
- Identify the steps involved in the required assessment for a correction of an error
- Differentiate between the iron curtain and rollover methods for quantifying a correction of an error
- Recognize the different types of restatements required as a result of accounting changes