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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 32 ||| Word Count: 14,031 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2526 |
| Description : |
This course provides an overview of the accounting requirements with respect to accounting changes and error corrections and the reporting implications within an entity’s financial statements. 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. The course also provides an overview of the accounting requirements of correcting errors in previously issued financial statements as well as restatement considerations. |
| Usage Rank : | 47500 |
| Release : | 2025 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Accounting Changes and Error Correction: What it is, How it Works
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 08-Apr-2025 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2526 |
| Keywords : | Accounting, Changes, Error, Corrections, What, Every, CPA, Needs, Know, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives Upon completion of this course, you will be able to:
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| Course Contents : | Chapter 1 - Accounting Changes and Error Corrections: What Every CPA Needs to Know Course Learning Objectives Course Overview Introduction Changes in Accounting Principle Accounting for the Change in Accounting Principle Review Questions Justifying a Change in Accounting Principle Change in Accounting Principle – Illustrative Example Disclosures Required for Changes in Accounting Principles Change in Accounting Estimate Change in Reporting Entity Review Questions Accounting for Correction of Errors Internal Control Considerations Conclusion Review Questions Glossary of Terms |
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