US GAAP in Practice: Key Standards and Real-World Applications
Category : Consolidation, US GAAP, Accounting
Duration: 5 days
The goal is to bridge the gap between theory and practice, helping participants apply US GAAP to day-to-day accounting and reporting tasks.
Learning Objectives
Apply key US GAAP standards in real-world scenarios
Gain practical experience with revenue recognition, leases, and financial instruments
Master the preparation of financial statements and disclosures
Ensure compliance with US GAAP in everyday accounting
Training Program
Introduction to US GAAP Standards in Practice
Overview of key US GAAP standards
Practical case: Identify key US GAAP standards applied to a mid-sized company
Revenue Recognition (ASC 606) in Practice
Application of the five-step model for revenue recognition
Practical case: Prepare revenue recognition for a construction company
Lease Accounting (ASC 842) in Practice
Recognizing lease liabilities and right-of-use assets
Practical case: Apply lease accounting to a retail business
Financial Instruments (ASC 320, ASC 825)
Accounting for investments in debt and equity securities
Practical case: Record financial instruments in a bank’s financial statements
Stock-Based Compensation (ASC 718)
Application of stock option accounting to employee compensation
Practical case: Prepare stock-based compensation disclosures for a tech firm
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 controllers
Financial analysts and auditors
Business owners and managers
Prerequisities
Basic knowledge of financial reporting and accounting
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