Accounting Changes and Error Corrections
SKU: CPE-07-078
Credit Hours: 2
Category: Accounting
Delivery Method: Online PDF
Instructor: Kelen F. Camehl
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.
This course will cover the following topics:
- 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