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Ch 10: Identifying & Correcting Errors in Accounting

About This Chapter

This engaging chapter on identifying and correcting accounting errors is written by expert instructors to help you catch up in class or get through a tough assignment. Feel free to study at any time on your mobile device or computer to review this material at your leisure.

Identifying & Correcting Errors in Accounting - Chapter Summary

In this chapter, how to identify and correct errors in accounting is thoroughly covered. Subjects such as the importance of finding accounting errors and restating financial statements are presented for your self-paced review. Each lesson is accompanied by a handy multiple-choice quiz so you can ensure you've understood what you've learned before moving on or taking a test. If you have questions as you work through these lessons, head over to the Dashboard and submit them to an instructor there. Once you complete this chapter, you should be ready to:

  • Explain the different types of accounting errors that can occur
  • Identify errors in accounting that affect the trial balance
  • Detail the process and rules involved with restating financial statements
  • Define changes in accounting principle and its impact

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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