US GAAP
Specialization | 25 Course Series | 4 Mock Tests
This US GAAP Certification is a comprehensive training of 25 courses with 35+ hours of video tutorials and One year access. Along with this, you also get verifiable certificates (unique certification number and your unique URL) when you complete each of these courses. You will get complete clarity of US GAAP standards and apply the knowledge.
Offer ends in:
What you'll get
- 35+ Hours
- 25 Courses
- Mock Tests
- Course Completion Certificates
- One year access
- Self-paced Courses
- Technical Support
- Mobile App Access
- Case Studies
- Download Curriculum
Synopsis
- Courses: This is a 25 course, Projects bundle. Please note that you get access to all the 25 courses, Projects. You do not need to register for each course separately.
- Hours: 35+ 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: One year 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 25 courses, Projects
- 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
Content
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MODULE 1: US GAAP - Changes and Updates
Courses No. of Hours Certificates Details US GAAP 2024: ASC 105 - GAAP History And Hierarchy 1h 13m ✔ US GAAP 2024: ASC 205 - Presentation of Financial Statements 44m ✔ US GAAP 2024: ASC 215 and 225 - Shareholder Equity and Income Statement 23m ✔ US GAAP 2024: ASC 230 - Statement of Cash Flow 33m ✔ US GAAP 2024: ASC 260 and 305 - EPS and Cash Equivalents 46m ✔ US GAAP 2024: ASC 323 and 326 - Investments and Credit Losses 30m ✔ US GAAP 2024: ASC 330 - Inventory 40m ✔ US GAAP 2024: ASC 360 - Property, Plant, and Equipment 22m ✔ US GAAP 2024: ASC 470 - Debt 17m ✔ US GAAP 2024: ASC 505 - Equity 47m ✔ US GAAP 2024: ASC 605 and 606 - Revenue Recognition 43m ✔ US GAAP 2024: ASC 705 and 740 - Cost of Sales and Income Taxes 31m ✔ US GAAP 2024: ASC 810 - Consolidation 47m ✔ -
MODULE 2: Understanding US GAAP Financial Statements
Courses No. of Hours Certificates Details ASC 105 - GAAP History and Hierarchy (US GAAP) 25m ✔ ASC 205 - Presentation of Financial Statements (US GAAP) 2h 17m ✔ ASC 225 - Income Statement (US GAAP) 55m ✔ ASC 230 - Statement of Cash flow (US GAAP) 3h 27m ✔ ASC 323 - Investments - Equity Method and Joint Ventures (US GAAP) 2h 37m ✔ ASC 326 - Financial Instruments - Credit Losses (US GAAP) 1h 15m ✔ ASC 330 - Inventory (US GAAP) 1h 3m ✔ ASC 360 - Property, Plant and Equipment (US GAAP) 3h 3m ✔ ASC 405 - Liabilities (US GAAP) 1h 24m ✔ ASC 605 - Revenue Recognition (US GAAP) 2h 27m ✔ ASC 810 - Consolidation (US GAAP) 3h 19m ✔ ASC 958 - Not-for-Profit Entities (US GAAP) 2h 24m ✔ -
MODULE 3: Mock Tests & Quizzes
Courses No. of Hours Certificates Details Test - US GAAP Assessment Test Test - US GAAP Mock Test Test - US GAAP Complete Exam Test - US GAAP Ultimate Exam
Description
This course offers a comprehensive exploration of US Generally Accepted Accounting Principles (GAAP), encompassing recent updates and changes. Here's a detailed overview of each module:
MODULE 1: US GAAP - Changes and Updates
In this module, we delve into the recent changes and updates in US Generally Accepted Accounting Principles (GAAP). We explore the rationale behind these modifications and their implications for financial reporting practices. Through detailed discussions, we examine how these changes affect the preparation of financial statements and the transition requirements for implementing the new standards. Practical examples and case studies help participants understand how to apply these updated standards effectively in real-world scenarios. By the end of this module, participants gain a comprehensive understanding of the latest developments in US GAAP and are equipped to navigate the evolving landscape of financial reporting.
- ASC 105 - GAAP History And Hierarchy: Gain insights into the history and hierarchical structure of GAAP, essential for understanding financial reporting standards. (1h 21m)
- ASC 205 - Presentation of Financial Statements: Learn about the proper presentation of financial statements according to GAAP guidelines. (44m)
- ASC 215 and 225 - Shareholders' Equity and Comprehensive Income: Explore the accounting treatment of shareholders' equity and comprehensive income. (27m)
- ASC 230 - Statement of Cash Flows: Understand the preparation and presentation of the statement of cash flows in compliance with GAAP. (39m)
- ASC 260 and 305 - EPS and Cash and Cash Equivalents: Delve into earnings per share (EPS) calculations and reporting of cash and cash equivalents. (53m)
- ASC 323 and 326 - Investments and Financial Instruments: Learn about accounting for investments and financial instruments under GAAP. (32m)
- ASC 330 - Inventory: Explore the valuation and reporting of inventory according to GAAP standards. (40m)
- ASC 360 - Property, Plant, and Equipment: Understand the accounting treatment of property, plant, and equipment assets under GAAP. (36m)
- ASC 470 - Debt: Explore the accounting principles related to debt instruments and their recognition in financial statements. (21m)
- ASC 505 - Equity: Learn about the classification and measurement of equity instruments under GAAP. (47m)
- ASC 605 and 606 - Revenue Recognition: Understand the principles of revenue recognition and the changes introduced by ASC 606. (43m)
- ASC 705 and 740 - Cost of Sales and Income Taxes: Explore the accounting treatment of cost of sales and income taxes under GAAP. (31m)
- ASC 810 - Consolidation: Gain insights into the consolidation of financial statements for subsidiaries under GAAP. (47m)
MODULE 2: Understanding US GAAP Financial Statements
This module focuses on interpreting and analyzing financial statements prepared in accordance with US GAAP. We break down the structure and components of US GAAP financial statements, including the balance sheet, income statement, and statement of cash flows. Through detailed discussions, participants gain insight into the key accounting principles and concepts that underpin US GAAP financial reporting. Practical examples and case studies help participants understand how to identify and analyze financial statement disclosures and footnotes effectively. By the end of this module, participants develop a solid understanding of US GAAP financial statements and their significance in decision-making processes.
- ASC 105 - GAAP History and Hierarchy: A deeper dive into the historical development and hierarchical structure of GAAP. (25m)
- ASC 205 - Presentation of Financial Statements: Comprehensive coverage of financial statement presentation guidelines. (2h 17m)
- ASC 225 - Income Statement: Detailed examination of income statement reporting requirements under GAAP. (55m)
- ASC 230 - Statement of Cash flow: In-depth analysis of cash flow statement preparation and disclosure standards. (3h 27m)
- ASC 323 - Investments: Detailed discussion on accounting for investments using the equity method and fair value method. (1h 9m)
- ASC 326 - Financial Instruments: Comprehensive coverage of financial instrument accounting, including credit losses. (1h 15m)
- ASC 330 - Inventory: Further exploration of inventory valuation methods and cost flow assumptions. (1h 3m)
- ASC 360 - Property, Plant, and Equipment: Advanced topics in accounting for property, plant, and equipment assets. (3h 3m)
- ASC 405 - Liabilities: In-depth analysis of accounting for various types of liabilities under GAAP. (1h 24m)
- ASC 605 - Revenue Recognition: Advanced discussions on revenue recognition principles and industry-specific guidelines. (2h 27m)
- ASC 810 - Consolidation: Advanced concepts and practical applications of consolidation accounting. (3h 34m)
- ASC 958 - Not-for-Profit Entities: Comprehensive coverage of accounting standards for not-for-profit entities. (2h 24m)
MODULE 3: Mock Tests & Quizzes
In this module, participants have the opportunity to test their understanding of US GAAP concepts, standards, and financial statements through mock tests and quizzes. These assessments are designed to simulate real-world scenarios and cover a range of topics discussed in the previous modules. Participants receive immediate feedback on their performance, allowing them to identify areas for improvement and focus their study efforts effectively. By completing these mock tests and quizzes, participants can gauge their readiness for examinations or assessments covering US GAAP topics. Overall, this module helps participants consolidate their learning and enhance their confidence in applying US GAAP principles in practical situations.
Whether you're a seasoned finance professional, an accounting student, or an individual keen on understanding US GAAP standards, this course equips you with the knowledge and competencies necessary to navigate the complexities of financial reporting adeptly. From staying abreast of the latest updates to grasping the fundamentals of US GAAP financial statements, this course offers a comprehensive learning journey.
Sample Certificate
Requirements
- Basic understanding of accounting principles and financial reporting concepts
- Familiarity with financial statements and accounting standards (e.g., IFRS or GAAP)
- Prior knowledge or experience in accounting, finance, or related fields is beneficial but not required
- Openness to learning and exploring US GAAP standards and financial statements
- Access to relevant resources and materials for further study, if needed
Target Audience
- Finance professionals seeking to enhance their understanding of US GAAP standards and financial reporting practices.
- Accounting professionals looking to stay updated on recent changes and updates to US GAAP and improve their skills in preparing financial statements.
- Students pursuing degrees or certifications in accounting, finance, or related fields who need to learn about US GAAP standards as part of their curriculum.
- Individuals interested in expanding their knowledge of accounting principles and financial reporting practices, regardless of their professional background.
- Anyone preparing for examinations or assessments covering US GAAP topics and seeking a comprehensive review and understanding of the subject matter.
- Professionals working in audit, tax, or consulting firms who need to stay current with US GAAP standards to provide accurate financial advice and guidance to clients.
- Corporate finance professionals involved in financial planning, analysis, or reporting functions within organizations that follow US GAAP standards.
- Business owners or entrepreneurs who want to understand US GAAP principles to better manage their company's finances and communicate effectively with stakeholders.
- Educators or trainers who teach accounting or finance courses and need supplementary resources to support their curriculum on US GAAP standards and financial reporting.
- Individuals considering a career transition into finance or accounting roles and seeking foundational knowledge of US GAAP principles to strengthen their job prospects.
Course Ratings
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This section taught me a lot about the evolution of the accounting standards. The instructor was clear on the different institutions that were created to oversee accounting rules and regulations. It was also very helpful to learn how to reference and search specific topics when referencing the ASC.
Dominik Silvas
The materials are really effective and the outline of this course is well organized. The course was explained really well by providing examples which helped me understand what is being discussed. Concise yet effective.
Jocelyn Joy B. Buid
excellent explanation of US Gaap common practises coupled with very well explained examples, detailed, practical. Every situation is well assessed, with good presentation of main problems that a person may face in daily situations. I will for sure go through other trainings, as they are very interesting.
Bruno Cavazzuti
The course was really good and got to learn so much in detail. Right from the start till the end it gave a detail explanation of everything needed. It got much easier with the examples. Would recommend this to anyone who is interested in learning US-GAAP. I can confidently say that I have learnt everything which is important.
Parvathi Gunja