IFRS Module 2 Accounting Changes and Error CorrectionsCode: 20-IFRS2

Module 2 of the IFRS Learning Moduleseries 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.

Objectives:

After completing this course, participants should be able to:

• Properly classify accounting changes (i.e. changes in accounting policy, changes in
  accounting estimates, and error corrections) per the guidelines of IAS 8.
• Describe the recognition and disclosure requirements for each type of accounting change
  under IAS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of
  accounting changes.

Presentation Method: QAS Self-Study

Category: Accounting

CPE credit: 2 Hours

Program Level: Intermediate

Prerequisites: General understanding of GAAP and Accounting.

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase.

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