Certified GAAP Professional

The Conceptual Framework

• Objectives of Financial Reporting
• Characteristics and Limitations of a Financial Report
• Underlying Assumptions
• Qualitative Characteristics
• Accounting Approach
• Elements of Financial Statements
• Concept of Capital and Capital Maintenance
• Recognition of Elements of Financial Statements
• Measurement of Elements of Financial Statements
• Conclusions

Balance Sheet Presentation

• Presentation of Financial Statements Under Indian GAAP
• Balance Sheet Presentation under IAS-1
• Balance Sheet Presentation under US GAAP
• Comparison on Indian GAAP, IAS and US GAAP

Profit and Loss Account Presentation

• Presentation of Income Statement under Indian
• GAAP-Schedule VI of the Companies Act 1956
• IAS 1-Income Statement
• US GAAP
• Comparison between Indian GAAP, IAS, and US GAAP

Accounting Standard-1, Disclosure of Accounting Policies

• Indian GAAP on Disclosure of Accounting Policies
• Disclosure of Accounting Policy under IAS
• Disclosure of Accounting Policy under US GAAP
• Comparison of Indian GAAP, IAS, and US GAAP

Accounting Standard-2, Valuation of Inventories

• Accounting for Inventories under Indian GAAP
• Accounting for Inventories under IAS-2
• Accounting for Inventories under US GAAP
• Comparisons for Inventories under US GAAP
• Comparisons of Indian As-2, IAS-2, and US GAAP

Accounting, Standard-3, Cash Flow Statement

• Cash Flow Statement under AS-3
• Cash Flow Statement under IAS-7
• Cash Flow Statement under US GAAP
• Comparison between Indian GAAP, IAS and US GAAP

Accounting Standard-4, Contingencies and Events Occurring

• Accounting for Events Occurring After the Balance Sheet Date Under AS-4
• Comparison between Indian GAAP IAS and US GAAP

Accounting Standard-5, Net Profit or Loss for the Period

• Presentation of Income Statement under US GAAP
• Presentation of Income Statement under US GAAP
• Comparison between Indian GAAP, AS and the US GAAP

Accounting Standard-6, Depreciation

• Accounting for Depreciation Under AS-6
• Accounting for Depreciation under IAS-16
• Accounting for Depreciation under US GAAP
• Comparison between Indian GAAP, IAS and US GAAP

Accounting Standard-7, Construction Contracts

• Accounting for Construction Contracts under AS-7
• Accounting for Construction Contracts under IAS-11
• Accounting for Construction Contracts under US GAAP
• Comparison between Indian GAAP, IAS and GAAP

Accounting Standard-9, Revenue Recognition

• Accounting for Revenue under AS-9
• Accounting for Revenue under IAS-18
• Accounting for Revenue Under US GAAP
• Comparison of Indian GAAP, IAS and US GAAP

Accounting Standard-10, Accounting for Fixed Assets

• Accounting under Indian GAAP
• Accounting for Property, Plant and Equipment under IAS-16 12.3 Accounting for Long-lived Tangible Assets under US GAAP 12.4 Comparison between Accounting
• Principles in INDIAN
• GAAP

Accounting Standard-11, Changes in Foreign Exchange Rates

• Indian GAAP (AS-11)
• Under US GAAP
• AS-15, IAS-21 and US GAAP

Accounting Standard-12, Accounting for Government Grants

• Accounting for Government Grants Under the Indian GAAP (AS-12) 14.2 Accounting for Government Grants, Under IAS-20
• Accounting for Contributions, Including Government Grants Under US GAAP 14.4 Comparison between accounting principles in Indian GAAP, IAS and US GAAP

Accounting Standard-13, Accounting for Investments

• Accounting for Investments under Indian GAAP
• Accounting for Investments under US GAAP
• Comparison of Accounting Principles under Indian IAS, and US GAAP

Accounting Standard-14, Accounting for Amalgamations

• Accounting for Amalgamation under the Indian GAAP (AS-14) 16.2 Amalgamation under IFRS-3
• Amalgamation under US GAAP (SFAS-141)
• Comparison between Indian GAAP, IFRS, US GAAP

Accounting Standard-15, Employee Benefits

• Accounting for Employee Benefits under AS- (Revised 2005) 17.2 Accounting for Employee Benefits under US GAAP
• Comparison between Indian GAAP (AS-15), IAS-19 and US GAAP
• Accounting Standard-16, Borrowing Costs
• Accounting for Borrowing Cost in AS-16
• Accounting for Borrowing Cost Under US GAAP
• Comparison of Accounting Principles in AS-16, IAS-23, and US GAAP

Accounting Standard-17, Segment Reporting

• Segment Reporting Under AS-17
• Segment Reporting Under IAS-14
• Segment Reporting Under US GAAP
• Comparison of AS, IAS, and US GAAP

Accounting Standard-18, Related Party Disclosures

• Related Party Disclosures under AS-18, Related Party Disclosures
• Related Party Disclosures under IAS-24, Related Party Disclosures
• Related Party Disclosures under US GAAP

Accounting Standard-19, Accounting for Leases

• Accounting for Lease under AS-19
• Accounting for Leases under IAS-17
• Comparison of AS-19, IAS-17 and US GAAP

Accounting Standard-20, Earnings Per Share

• Presentation and Calculation of EPS under AS-20
• Presentation and Calculation of Earnings Per Share Under IAS-33 22.3 Computation and Presentation of EPS under the US GAAP
• Comparison between the AS-20, IAS-33 and SFAS-128

Accounting Standard-21, Consolidated Financial Statements

• Consolidation Principles under AS-21
• Consolidation Principles Stipulated in IFRS and IAS-27
• Consolidation under US GAAP
• Comparison between AS-21, IAS-27, and US GAAP

Accounting Standard-22 Accounting for Taxes on Income

• Income Taxes Under AS-22
• Income Taxes Under IAS-12
• Accounting for Income Taxes Under US GAAP
• Comparison between AS-22, IAS-12 and US GAAP

Accounting Standard-23, Accounting for Investments in Associates

• Financial Statement
• Accounting for Investment in Associates under AS-23
• Accounting for Investment in Associates under US GAAP
• Comparison between AS-23, IAS-28 and US GAAP

Accounting Standard-24, Discounting Operations

• Accounting for Discontinuing Operations under AS-
• Accounting for between AS-24, IFRS-5 and US GAAP

Accounting Standard-25, Interim Financial Reporting

• Interim Financial Reporting Under AS-25
• Interim Financial Reporting Under IAS-34
• Interim Financial Reporting Under GAAP
• Comparison between AS-25, IAS-34 and US GAAP

Accounting Standard-26, Accounting for Intangible Assets

• Accounting for Intangible Assets in AS-26
• Accounting for Intangible Assets in IAS-38
• Accounting for Intangible Assets in SFAS-142
• Comparison between AS-, IAS- and SFAS-142

Accounting Standard-27,Financial Reporting of Interests in Joint Ventures

• Accounting for Joint Ventures under (AS)-27
• Accounting for Joint Venture under IAS-31
• Accounting for Investments in Joint Ventures under US GAAP
• Comparison between AS-27, IAS-31 and US GAAP

Accounting Standard-28, Impairment of Assets

• Accounting for Impairment Loss under AS-28
• Accounting for Impairment Loss under IAS-36
• Accounting for Impairment Loss under GAAP

Accounting Standard-29,Provisions,Contingent Liabilities, and Contingent Assets

• Accounting for Provisions, Contingent Liabilities and Contingent Assets under IAS-37, and US GAAP
• Accounting for Provisions, Contingent Liabilities and Contingent Assets under US GAAP

GN (A)-18, Guidance Note on Accounting for Employee Share-Based Payments

• Accounting for Employee Shared-based Payments under GN (A) 18 32.2 Accounting for Employee Shared-based Payments under US GAAP 32.3 Comparison between the Indian
• GAAP, IFR-2 and US GAAP

Financial Instruments

• Financial Instruments-Presentation-IAS-32
• Financial Instruments-Disclosure-IAS-32
• Financial Instruments-Presentation and Disclosure- Indian
• Categories of Financial Instruments-IAS-32
• Financial Instruments-Presentation and Disclosure-Indian Gap
• Categories of Financial Instruments-IAS-32
• Recognition and Derecognizing of Financial Instruments-IAS-32
• Accounting for Collateral in a Transfer of Financial Assets
• Derecognizing of Financial Liabilities
• Measurement of Financial Assets and Financial Liabilities
• Gains or Losses form a Change in the Fair Value
• Impairment and Uncollectibility of Financial Assets
• Accounting for Futures Contracts
• Accounting for Futures Contracts-Indian GAAP
• Accounting for Options
• Accounting for Options-Indian GAAP
• Accounting for Securitization
• Disclosures Regarding Derivative Instruments-Indian GAAP
• Accounting for Hedging-Indian GAAP