Checkpoint Learning

Course Detail

Changing Accounting Methods  

CATEGORY: Taxation
  Online & Mobile
4 CPE Credits
Level: Basic

Changing an accounting rule that has been consistently applied to measure particular items of income or expense can be relatively simple or can involve detailed planning and execution. This course differentiates between a change in method and a correction of an error. It clarifies the different types of changes and what procedures are necessary to make those changes. It also presents how to calculate adjustments necessary because of a change in accounting method. This course is most beneficial to professionals new to changing accounting methods. These individuals are often at the staff or entry level in an organization, although this course may also benefit a seasoned professional with limited exposure to changing accounting methods.

NOTE: This course has been updated for the relevant provisions of the Tax Cuts and Jobs Act, when and if applicable.

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