Learning Objectives

• Understand the core principles and framework of US GAAP

• Apply key accounting standards in real-world scenarios

• Prepare financial statements in compliance with US GAAP

• Ensure accurate disclosures and financial reporting

Training Program Engagement

• Introduction to US GAAP Principles

  • Overview of the US GAAP framework and conceptual foundation

  • Key differences between US GAAP and other accounting frameworks

  • Practical case: Identify the key components of financial statements under US GAAP

• Recognition and Measurement under US GAAP

  • Revenue recognition, expense recognition, and matching principle

  • Asset and liability recognition and measurement

  • Practical case: Apply recognition and measurement principles in financial reporting

• Financial Statement Preparation and Presentation

  • Structure and presentation of the balance sheet, income statement, and cash flow statement

  • Classification and grouping of financial statement items

  • Practical case: Prepare financial statements for a mid-sized corporation

• Disclosure Requirements under US GAAP

  • Key disclosure requirements for various standards (ASC 606, ASC 842)

  • Practical case: Draft a financial statement disclosure for a public company

• Recent Updates and Changes in US GAAP

  • Overview of recent updates and amendments to US GAAP standards

  • Practical case: Implement recent changes to US GAAP in financial reporting

Key Points

• Numerous practical examples illustrating the different studied concepts

• Practical cases to draw parallels with the concepts learned

Who is this training for

• Accountants and financial analysts

• Controllers and financial reporting professionals

• Auditors and compliance officers

• Corporate finance professionals

Prerequisities

• Basic understanding of financial statements and accounting principles

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