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
  • Recognize the different types of accounting changes and how they affect an entity’s financial statements.
  • Discover and differentiate between the requirements for the different types of accounting changes.
  • Identify disclosure requirements related to changes in accounting principles.
Last updated/reviewed: January 20, 2023
4 Reviews (26 ratings)

Reviews

4
Anonymous Author
Course was informative and descriptive regarding issues surrounding changes in accounting principle. Examples illustrated the concepts well.
4
Anonymous Author
Overall, the text material was clear and on point with respect of disclosure of changes of accounting principles.
5
Anonymous Author
Good course on changes and the disclosure requirements needed when making those changes.
5
Anonymous Author
great outline on changes in reporting entities and disclosures
Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
SUPPORTING MATERIAL
  Accounting Principle ChangesPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam