Accounting Principle Changes

Course Description

This course provides an overview of the accounting requirements with respect to accounting principle changes. The scope of accounting changes includes a discussion of changes in accounting principles, changes in accounting estimates, as well as changes of a reporting entity. A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No 250, Accounting Changes and Error Corrections.

Learning objectives

• 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 disclosure requirements related to changes in accounting principles.

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.