US GAAP Online Training
Course
Online
Description
-
Type
Course
-
Methodology
Online
-
Class hours
4h
-
Duration
Flexible
-
Start date
Different dates available
Introduction to US GAAP
US Generally Accepted Accounting Principles (US GAAP) are used by all major North American companies and their international subsidiaries as well as foreign companies that are listed on a US stock exchange unless that company files in full compliance with International Financial Reporting Standards (IFRS).
US GAAP is generally regarded as being more complex than UK GAAP and IFRS in many respects and following US GAAP can lead to notably different financial results.
Online training in US GAAP
Based on our clients’ feedback we have spent several months developing an online course which will effectively introduce US GAAP to finance professionals. Many of our clients required a way to learn about US GAAP at a time to suit their busy schedules and with minimal abstraction costs away from the office.
The online course will be available in 2016 and we are currently registering interest for a limited number of our clients. To all clients who register their interest, we will offer a no obligation introductory discount as soon as the course is released for a limited number of people who simply register their interest.
Facilities
Location
Start date
Start date
About this course
At the end of the course you will be issued with a certificate of completion, which can be used for CPD (continuing professional development) purposes or as part of an employment record.
Reviews
Subjects
- GAAP
- Accountancy
- Accounting and Finance
- Business Account
- Management Accounting
- Financial Accounting
- International Accounting
- US GAAP
- Financial Compliance
- Finance strategy
- Finance Market
Teachers and trainers (1)
Financial Fluency
Online Learning
Course programme
The online course is split into 4 sections:
(1) Origins and Rules of US GAAP
(2) Exploring the basics of US GAAP
(3) Specific Guidance on US GAAP
(4) Current Issues in US GAAP
(1) Origins and Rules of US GAAP
To explore the origins and rules of US GAAP we look at:
• The US GAAP timeline
• Requirements to follow US GAAP
• SEC reporting requirements & consequences
• The Sarbanes-Oxley Act
• The COSO Financial Controls Framework
(2) Exploring the basics of US GAAP
To explore the basics we will look at the foundation of US GAAP, specifically:
• The 12 basic principles of US GAAP
• The key financial statements under US GAAP
• The notes to the financial statements
(3) Specific Guidance on US GAAP
We will review two areas of specific guidance being:
• The 4 main criteria for revenue recognition
• Revenue recognition to multiple elements
• Net versus gross revenue recognition
(ii) Capital Expenditure
• Capital and operating expenditure
• Captization timeline
• Repairs, maintenance & replacements
• License fees
• Typical issues
(4) Current Issues in US GAAP
In this section we review some current issues and changes in US GAAP. In particular we will cover:
• Convergence between US GAAP & IFRS
US GAAP Online Training