US GAAP is the accounting framework used by companies in the world’s largest economy, and understanding it is essential for those working with US entities or markets. This program equips participants to understand and apply US GAAP, covering the key principles, standards, and how they differ from IFRS in preparing US-compliant financial statements.
As US markets and multinationals demand GAAP knowledge, professionals with this expertise are valued globally. This course combines US GAAP principles with practical application and introduces emerging trends in US accounting standards.
Course Objectives
Upon the successful completion of this program, attendees will be able to:
- Understand the US GAAP framework
- Understand the role of FASB
- Apply the conceptual framework
- Prepare US GAAP financial statements
- Account for revenue under US GAAP
- Account for leases under US GAAP
- Account for financial instruments
- Apply inventory under US GAAP
- Account for property and equipment
- Apply impairment under US GAAP
- Account for income taxes
- Apply consolidation under US GAAP
- Compare US GAAP and IFRS
- Apply US GAAP disclosures
- Manage US GAAP application
- Apply emerging trends in US accounting standards
Course Outline
- Module 1: The US GAAP Framework
- Module 2: The Role of FASB
- Module 3: The Conceptual Framework
- Module 4: US GAAP Financial Statements
- Module 5: Revenue under US GAAP
- Module 6: Leases under US GAAP
- Module 7: Financial Instruments
- Module 8: Inventory under US GAAP
- Module 9: Property & Equipment
- Module 10: Impairment under US GAAP
- Module 11: Income Taxes
- Module 12: Consolidation under US GAAP
- Module 13: US GAAP vs IFRS
- Module 14: US GAAP Disclosures
- Module 15: Emerging Trends: US Accounting Standards
Who Should Attend
This course is intended for accountants, finance professionals, and auditors who work with US entities or markets and need to understand and apply US GAAP. A solid accounting foundation is recommended.
Registration & Inquiry
For more details & inquiry, please contact us at:
