Accounting Principle Changes - What Every CPA Needs to Know
Author: Kelen Camehl
| CPE Credit: |
1 hour for CPAs |
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.
Publication Date: March 2025
Topics Covered
- Accounting Principles Changes
- Changes of a reporting entity
- Changes in accounting estimates
Learning Objectives
- List the different types of accounting changes and how they affect an entity’s financial statements
- Recognize how to differentiate between the requirements for the different types of accounting changes
- Identify disclosure requirements related to changes in accounting principles
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour)
Program Prerequisites
None
Advance Preparation
None
