US GAAP Course
12 Online Courses
Verifiable Certificate of Completion
US GAAP History and Hierarchy
Presentation of Financial
Income Statement, Balance Sheet & Cash Flows
Investments - Equity Method and Joint Ventures
Financial Instruments - Credit Losses
What you get
Mobile App Access
Online US GAAP Certification Course
This US GAAP Certification Course is a comprehensive training of 12 comprehensive US GAAP accounting standards courses with 24+ hours of video tutorials and Lifetime Access. Along with this, you also get verifiable certificates (unique certification number and your unique URL) when you complete these courses.
Generally Accepted Accounting Principles (GAAP) are the accounting standards that are followed by the US. And that’s why, as an accountant, it’s important that you get a good hold over it.
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In this course, we will talk about US GAAP in detail so that you can grasp the knowledge and be competent enough to apply the material in your professional lives.
Online US GAAP Certification Course
|Course Name||Online US GAAP Certification Course Bundle|
|Deal||This is a 12-course bundle. Please note that you get access to all the 12 courses. You do not need to register for each course separately.|
|Hours||24+ Video Hours|
|Core Coverage||ASC 105 – GAAP History and Hierarchy , ASC 205 – Presentation of Financial, ASC 225 – Income Statement, ASC 230 – Statement of Cash flow, ASC 323 – Investments – Equity Method and Joint Ventures, ASC 326 – Financial Instruments – Credit Losses, ASC 330 – Inventory, ASC 360 – Property, Plant and Equipment, ASC 405 – Liabilities, ASC 605 – Revenue Recognition, ASC 810 – Consolidation, ASC 958 – Not-for-Profit Entities|
|Excel Templates Included?||Excel templates that were used are provided as a download|
|Course Validity||Lifetime Access|
|Eligibility||Those who want to learn US GAAP accounting can register for this online course. No eligibility as such.|
|Pre-Requisites||None (Basic accounting knowledge should help)|
|What do you get?||Certificate of Excellence for each of the 12 courses|
|Certification Type||Course Completion Certificates|
|Verifiable Certificates?||Yes, you get verifiable certificates for each course with a unique link. These link can be included in your Resume/Linkedin profile to showcase your enhanced accounting skills|
|Type of Training||Video Course – Self Paced Learning|
|Software Required||Excel (2007 or above)|
|System Requirement||1 GB RAM or higher|
|Other Requirement||Speaker / Headphone|
US GAAP Course Curriculum
Before we talk about the target audience, prerequisites, FAQs, and course reviews, let’s have a look at the US GAAP training curriculum –
ASC 105 - GAAP History and Hierarchy (US GAAP)
This is the first module of the US GAAP certification and it will just walk you through the US GAAP history and hierarchy. This module will teach you how the US GAAP evolved, the key definitions, and also SEC guidance, FASB codification etc. This entire module will take you just 26 minutes and you need to watch just 4 videos.
ASC 205 - Presentation of Financial Statements (US GAAP)
In this US GAAP certification module, you will first get an overview of the financial statements under the US GAAP. Then, we will go through the whole set of definitions and financial statements, learn about the discounted operations, the example of the discounted operations, the component of an entity, measurement, and ASC 205-20 guidance. Lastly, we will talk about the held for sale criteria and the strategic shift. You need to invest around 2 hours 22 minutes and you need to watch 21 videos.
ASC 225 - Income Statement (US GAAP)
This US GAAP training module will start with the brief introduction of ASC 230 - the statement of cash flow. Then, we will go through the definitions, classifications of cash flows, direct method of operations, indirect method of operations, examples, and finally a brief about everything that you have covered. You need to invest around 3 hours 32 minutes and you need to watch 30 videos in total.
ASC 230 - Statement of Cash flow (US GAAP)
The main focus of this US GAAP certification module is to show you practically how the income statement works under the US GAAP. As we always do, in this module, you will first learn about a brief overview of the income statement under ASC 225. Then, we will talk about the changed introduced. And finally, we will discuss the meat of the module is an example of the income statement. You need to invest around 1 hour and you need to watch 8 videos in total.
ASC 323 - Investments - Equity Method and Joint Ventures (US GAAP)
In this US GAAP certification module, you will first start with a brief introduction on the revenue recognition under ASC 605. Then, we will talk about ASU 2014-09 and also detailed ASC 606. Then, you will learn in detail about the revenue recognition model, the combining contracts, the transaction price, non-cash consideration etc. Finally, we will also talk about the other relevant topics like contract cost, licensing intellectual property etc. You need to invest around 1 hour 43 minutes and you need to watch 20 videos.
ASC 326 - Financial Instruments - Credit Losses (US GAAP)
In this US GAAP certification training, again we will talk about briefly about ASC 326 - Financial Instruments (Credit Losses) under the US GAAP. Then, we will talk about the amendments, measurements, disclosures, and transition. Finally, we will close this by an example. You need to invest around 1 hour 19 minutes and you need to watch a total of 13 videos.
ASC 330 - Inventory (US GAAP)
This US GAAP training module will also start with a brief overview of ASC - 330 (Inventory) under the US GAAP. Then, we will talk about the initial measurement and the inventory cost. We will also talk about ASU 2005-2011 and measurement post update. Finally, we will take an example to illustrate the point. You need to invest around 1 hour 32 minutes and you need to watch 20 videos in total.
ASC 360 - Property, Plant and Equipment (US GAAP)
We will start the module with a brief introduction to ASC 405 Liabilities under the US GAAP and the extinguishment of the liabilities. Then, we will talk about the derecognition, joint, and several liabilities. Finally, we will close this by talking about the recognition of the brokerage. You need to invest around 47 minutes and you need to watch 14 videos.
ASC 405 - Liabilities (US GAAP)
We will also start this module with an introduction to ASC 958 (Not-for-profit entities) under the US GAAP. Then, we will go in detail about ASC 958. Next, you will go through an example. Finally, we will talk about the statements of the cash flow and the disclosures. You need to watch 18 videos in total and you need to invest around 2 hours 29 minutes.
ASC 605 - Revenue Recognition (US GAAP)
We will start this US GAAP certification module with a brief introduction to ASC -360 (the property, plant, and equipment) under the US GAAP. Then, you will go through the measurement and impairment, the test of recoverability, the long-lived assets to be disposed of. Finally, we will talk about the discontinued operations. You need to invest around 3 hours 12 minutes and you need to watch around 27 videos.
ASC 810 - Consolidation (US GAAP)
You will learn a brief overview of the ASC 810 (Consolidation) under the US GAAP at first. Then, we will talk about the chart, variable interest model, and consolidation procedures. You need to watch 27 videos in total and you need to spend around 3 hours 38 minutes.
ASC 958 - Not-for-Profit Entities (US GAAP)
First, we will talk about a brief overview of ASC 323 (Investments - Equity Method and Joint Ventures) under the US GAAP. Then, we will talk about the accounting for equity and also about the joint venture. You need to watch a total of 22 videos and you need to spend around 2 hours 37 minutes.
Certificate of Completion
- Willingness to do the course: Not everyone would be interested to pursue US GAAP certification training. But until you’re interested, you shouldn’t do this course, because otherwise, you wouldn’t be able to extract the best value out of the course.
- Basic knowledge of accounting: You need to know the fundamentals of accounting. Without basic accounting knowledge, this course wouldn’t have much value.
- Accountants: People who perform as an accountant should do this US GAAP certification course. Because this course wouldn’t only add value to their professional careers, it will also make them aware of how the US GAAP works.
- The students of accounting: This course would be equally valuable to the students of accounting since it’s teaching the US GAAP.
FAQ – General Questions
Why should I do this US GAAP certification course?
You shouldn’t if you’re not interested in the US GAAP. But if you’re interested to know more about the US GAAP, this course will change your life.
How will this US GAAP certification course add value to my career?
Ask any accountant who did this course and you would get your answer. This course teaches you the nitty-gritty of the US GAAP and if you do this course, you would master the US GAAP.
I don’t have an accounting background, can I do this US GAAP certification course?
Yes. You should have a fundamental knowledge to do this US GAAP certification course.
Component of entity- Measurement02.30
Working on Example 402.30
Example - Direct Method02.30
Cash Flow from Operating Activities02.30
Balmuri Saketh Rao