Author : | Michael J Walker, CPA |
Course Length : | Pages: 16 ||| Review Questions: 10 ||| 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 362 |
Description : | IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements. Module 2 of the IFRS Learning Module series presents an overview of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and discusses the IASB’s and FASB’s efforts towards achieving convergence in these areas of financial reporting. |
Usage Rank : | 12381 |
Release : | 2023 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
IFRS
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 05-Sep-2023 |
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 - 362 |
Keywords : | Accounting, IFRS, Learning, Module 2, Accounting, Changes, Error, Corrections, cpe, cpa, online course |
Learning Objectives : |
Module Learning Objectives After studying this module participants should be able to:
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Course Contents : | Module 2: Accounting Changes and Error Corrections 1.0 Introduction to IAS 8 1.1 Objective 1.2 Scope 1.3 Definitions 2.0 Accounting Policies 2.1 Selection and application 2.2 Changes in accounting policies 2.3 Disclosures 3.0 Accounting Estimates 3.1 The use of estimates 3.2 Changes in accounting estimates 3.3 Disclosures 4.0 Accounting Errors 4.1 Prior period errors 4.2 Correcting prior period errors 4.3 Disclosures 5.0 IFRS & U.S. GAAP Convergence 5.1 ASC 250 Accounting Changes and Error Corrections 5.2 IAS 8 & ASC 250: Similarities and differences 6.0 Module Summary Glossary |