Changing Accounting Methods  

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. As an advanced level course, this course is most appropriate for the professional with mastery of accounting methods for federal income tax reporting who may be a seasoned professional within an organization but also may be appropriate for other professionals with specialized knowledge in changing a tax accounting method.