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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 21 ||| Word Count: 7306 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides an overview of accounting principle changes under FASB ASC Topic 250, covering changes in principles, estimates, and reporting entities.
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Frequently Asked Questions: |
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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. |
Usage Rank: |
43529 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Accounting Principles Explained: How They Work, GAAP, IFRS
Internal: FASB‑CPE Courses page (other courses covering accounting changes and error corrections)
Internal: Accounting Continuing Education Courses
External: FASB Accounting Standards Updates
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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. |
Keywords: |
Accounting Principle Changes - What Every CPA Needs to Know - CPE course |
Learning Objectives: |
Course Learning Objectives
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Course Contents: |
Chapter 1 - Accounting Principle Changes - 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 Conclusion Review Questions Glossary of Terms |
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