Accounting for Changes in Acctg Princ & Error Corrections Web. [PEC2]
Time: 08:30am-10:20am
Subject:
Accounting & AuditingCredit Hours:
2.00Price:
Member: $120.00
Non-member: $150.00
Discussion Leader:
Robert P. Bedwell, CPA
more info
Bob is an accounting and finance professional with over 39 years of audit and accounting experience. Bob’s experience includes a full range of corporate accounting and assurance services, including financial statement preparation, auditing, SEC reporting, mergers and acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data. He is currently director of administrative services at Progressive Care Inc. in Hallandale Beach, Florida. Bob has been a discussion leader on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants, and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills. Subject areas for which Bob has served as a discussion leader (and, in some cases, author) include: professional ethics; fraud risk; and a variety of accounting and auditing overviews and standards updates. Bob received his Bachelor of Science in accounting and finance from Upsala College in East Orange, New Jersey, and has also earned a master’s degree in accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.
closeWebsite registration for this course closes on October 17, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Accounting for Changes in Accounting Principles & Error Corrections Webcast (PEC2)October 18th, 2024 / 8:30 am 10:20 am
Live Webcast / Zoom
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.
Major Topics:
- FASB ASC 250
- Error correction
- Change in accounting principles
Learning Objectives:
- 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
Designed For: Accounting and auditing practitioners at all levels utilizing GAAP financial statements
CPE Credits: 2, Accounting & Auditing
Level of Knowledge: Overview
Prerequisite: None
Acronym: PEC2
Discussion Leader: Robert P. Bedwell, CPA
