CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Accounting & Tax Implications of Accounting Changes & Errors

  • AFSP
  • CIA
  • CMA
  • CPA (US)
  • EA
  • IAP
  • Tax Preparer
  • QIAL
  • CTEC
Accounting & Tax Implications of Accounting Changes & Errors

1 Credit

$20

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00587-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0561)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Internal Auditors (CIA)

1 CPE credit for Internal Audit Practitioner (IAP)

1 CPE credit for Qualification in Internal Audit Leadership (QIAL)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00587-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00587-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

The Fundamentals of PEOs: Everything You Need to Know to Find, Refer and Work with a Professional Employer Organization

(648)

Oct 19, 2021 | 02:00 PM EDT View Details

Intermediate Payroll for the Administrative Professional

(1)

Oct 19, 2021 | 02:00 PM EDT View Details

Introduction to Government Accounting

(2)

Oct 19, 2021 | 02:30 PM EDT View Details

Ethics at Work

(7)

Oct 19, 2021 | 02:30 PM EDT View Details

Why Client Experience Matters in Every Accounting Firm

(202)

Oct 19, 2021 | 03:00 PM EDT View Details

Forensic Accounting: Fraud Investigation Engagements

Oct 19, 2021 | 03:00 PM EDT View Details

IRS Representation Series - Reducing IRS Assessments for Interest & Penalties

(1)

Oct 19, 2021 | 03:00 PM EDT View Details

Sales Tax Liabilities Of Manufacturers And Other Service Providers

(173)

Oct 19, 2021 | 04:00 PM EDT View Details

President Biden's Tax Proposals: A First Look At The Pending Storm

(202)

Oct 19, 2021 | 04:00 PM EDT View Details

SOX Internal Controls For Accounts Payable, Receivable & Inventory

(13)

Oct 20, 2021 | 09:00 AM EDT View Details

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis

(119)

Oct 20, 2021 | 09:00 AM EDT View Details

Is It Time for a Development Audit?

(1)

Oct 20, 2021 | 09:00 AM EDT View Details

IFRS Fixed Assets (Property, Plant & Equipment)

(6)

Oct 20, 2021 | 09:30 AM EDT View Details

QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement

(5)

Oct 20, 2021 | 10:00 AM EDT View Details

How to deal effectively with IRS Examinations and Criminal Investigations?

(21)

Oct 20, 2021 | 10:00 AM EDT View Details

This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

The financial markets depend on high quality financial reporting.  A fundamental pillar of high quality public financial reporting is reliable, comparable financial statements that are free from material misstatement.  Accounting changes and errors in previously filed financial statements can affect the comparability of financial statements.

In this online CPE webinar, we will provide an overview of the types of accounting changes that affect financial statements, as well as the disclosure and reporting considerations for error corrections.

An accounting change can be a change in an accounting principle, an accounting estimate, or the reporting entity.

An error in recognition, measurement, presentation, or disclosure in financial statements resulting from mathematical mistakes, mistakes in application of GAAP, or oversight or misuse of facts that existed at the time the financial statements were prepared.

This online continuing education course will examine both the accounting and tax implications of accounting changes and errors. FASB provides different guidance depending on the type of accounting change. We will explore the major types of accounting changes including change in estimate, change in accounting principles, and change in reporting entity. We also discuss the correction of an error.

The online CPE/CE course will also focus to examine how accounting changes and errors impact taxes including a review of the Form 3115. You’ll leave this CPE course with an understanding of how to properly account for errors and changes for both tax and GAAP.

Key topics covered in this online CPE/CE webinar:

  • Accounting treatment for change in Accounting Principle;
  • Accounting treatment for change in Accounting Estimates;
  • Accounting treatment for change in Reporting Entity; and
  • Accounting treatment for correction of an error in previously issued Financial Statements. 
  • Tax implications of Accounting Changes and Errors


Click for more webinars on | Accounting & Auditing |Tax Updates |


Learning Objectives

  • To list some of the instances where estimates may be used for tax purposes.
  • To identify how the treatment of an error and the treatment of an accounting change differ on the tax return.
  • To describe the key characteristics of automatic changes on Form 3115.
  • To identify the type of accounting change for a transaction.
  • To describe the accounting for accounting changes.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • California Registered Tax Professional
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

4.5

(2)
50%
50%
0%
0%
0%