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 Engagement

• 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 is this training for

• 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