US GAAP Fundamentals: From Basics to Expert Level
Category : Consolidation, US GAAP, Accounting
Duration: 5 days
This program provides a thorough understanding of the fundamentals of US GAAP, progressing from the basic concepts to more advanced applications. It is ideal for those new to US GAAP or professionals seeking to deepen their expertise, covering a wide range of topics, including recognition, measurement, and financial reporting.
Learning Objectives
Learn the basics of US GAAP, from recognition and measurement to disclosure
Understand key financial reporting requirements under US GAAP
Apply US GAAP to everyday accounting and reporting scenarios
Progress from fundamental concepts to expert-level applications
Training Program
Introduction to US GAAP Fundamentals
Overview of the US GAAP conceptual framework
Key principles of recognition, measurement, and disclosure
Practical case: Identify basic US GAAP concepts in financial statements
Revenue Recognition (ASC 606)
Basics of revenue recognition and five-step model
Practical case: Apply revenue recognition to a service-based company
Expense Recognition and Matching Principle
Matching expenses with revenues and accrual accounting
Practical case: Prepare a company’s income statement using the matching principle
Leases (ASC 842)
Accounting for leases under the right-of-use model
Practical case: Record operating and finance leases for a real estate firm
From Basics to Expert: Complex Scenarios
Handling advanced transactions like stock compensation, business combinations
Practical case: Account for stock options and mergers under US GAAP
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Accountants and financial analysts
Business owners and finance professionals
Controllers and financial managers
Prerequisities
No specific prerequisites required
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