US GAAP Online Training

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Introduction to US GAAPUS GAAP Online CPD Training Course

 

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 during 2018 and we are currently registering interest for a limited number of our clients. 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.

To register your interest either email usgaap@financial-fluency.co.uk or use our contact form by clicking on the button below.
 

 

US GAAP Online Course Contents

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 overseeing bodies
• 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:

• FASB codification and conceptual framework
• 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:

(i) The basics of revenue recognition?
• 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:

• The US GAAP Roadmap to IFRS
• Convergence between US GAAP & IFRS

 
certificate for completion of US GAAP online course

Completion certificate

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.

 

Register your interest for a limited introductory discount

The online course will be available in early 2017 and we are currently registering interest for a limited number of our clients.  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.

The price is expected to be between £200 and £300 (GBP).

To register your interest (no obligation implied) please complete the form below and press submit.

Your Name

Your Email

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