US GAAP: Mastering Financial Reporting and Disclosure
Category : Consolidation, US GAAP, Accounting
Duration: 5 days
Financial reporting and disclosure under US GAAP can be complex, and this program is designed to help participants master these areas. The course covers the preparation of financial statements in compliance with US GAAP, as well as the detailed disclosure requirements for various accounting standards, helping ensure transparency and accuracy in reporting.
Learning Objectives
Master the preparation of financial statements under US GAAP
Understand detailed disclosure requirements for various US GAAP standards
Ensure compliance with reporting and disclosure requirements
Provide transparent and accurate financial information to stakeholders
Training Program
Overview of US GAAP Financial Reporting
Key financial statements: balance sheet, income statement, cash flow statement
Understanding the role of notes and supplementary disclosures
Practical case: Prepare a complete set of financial statements
Disclosure Requirements for Revenue Recognition (ASC 606)
Detailed disclosure requirements for revenue from contracts with customers
Practical case: Prepare revenue recognition disclosures for a service company
Disclosure for Leases (ASC 842)
Key disclosure requirements for lease accounting
Practical case: Draft lease disclosures for a retail company
Reporting of Contingencies and Provisions (ASC 450)
Disclosure of legal contingencies and liabilities
Practical case: Disclose contingent liabilities for an ongoing litigation case
Annual and Interim Reporting Requirements
Differences between annual and interim reporting
Practical case: Prepare interim financial reports for a public company
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Financial reporting professionals
Controllers and accountants
Compliance officers
Auditors
Prerequisities
Basic knowledge of financial reporting
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris