Understanding Accounting Changes

This certificate course delves into the various types of accounting changes, including shifts in accounting principles, estimates, and reporting entities. Participants will learn about the implications of these changes, such as altering depreciation methods or transitioning between inventory valuation methods like LIFO and FIFO. The course will also cover the classification of accounting changes and the impact of accounting errors. By the end of this course, learners will have a comprehensive understanding of how accounting changes affect financial statements and the overall financial position of an entity.