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

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

Numerous practical examples illustrating the different studied concepts

Practical cases to draw parallels with the concepts learned

Accountants and financial analysts

Business owners and finance professionals

Controllers and financial managers

No specific prerequisites required

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

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