IFRS Learning Module 2: Accounting Changes and Error Corrections
Credit Hours: 2
Field of Study: Accounting
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online PDF
Instructor: Michael J. Walker, CPA
After studying this module participants should be able to:
- Properly classify accounting changes (i.e. changes in accounting policy, changes in accounting estimates, and error corrections) per the guidelines of IAS 8.
- Describe the recognition and disclosure requirements for each type of accounting change under IAS 8.
- Describe the similarities and differences between IFRS and U.S. GAAP in the area of accounting changes.