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Friday, December 20, 2024 Live Webcast

Accounting for Changes in Accounting Principles and Error Corrections (E2412452)

1:00 PM - 2:40 PM EST

Registration: 12:30 PM EST

webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

Dive deep into the nuances of FASB Accounting Standards Codification (ASC) Topic 250, "Accounting Changes and Error Corrections," in this specialized continuing education course tailored for accountants and auditors. As the financial reporting landscape continuously transforms, it is paramount for professionals to understand the intricacies of accounting for changes in principles and correcting identified material errors. Through a blend of case studies and practice examples, attendees will gain expertise in assessing, implementing, and effectively communicating adjustments in compliance with ASC 250. This course not only offers insights into the requirements set by FASB, but also provides practical tools to ensure transparency and accuracy in financial reporting. Equip yourself with the latest knowledge and best practices in this essential area of accounting.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

Accounting and auditing practitioners at all levels utilizing GAAP financial statements

BENEFITS

  • Understand the relevant accounting standards for changes in accounting principles and accounting for error corrections
  • Identify the type of changes that require prospective, retrospective, modified retrospective, or other approaches to update the financial statements under U.S. GAAP

HIGHLIGHTS

  • FASB ASC 250
  • Error correction
  • Change in accounting principles

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jeffrey Lieman

Jeffrey Lieman, CPA

AICPA/Professional Development Institute

Jeffrey heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland, where he provides consulting services, contractual assistance services and training to CPAs, their firms and their clients. He is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. Since 2016, he has received the Surgent Outstanding Discussion Leader Award. Jeffrey's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland, where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

PRICING

$99.00 - Member

$136.50 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent