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US GAAP Course (29 Courses, 36++ Projects)
This US GAAP Certification is a comprehensive training of 29 courses with 36+ 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. You will get complete clarity of US GAAP standards and apply the knowledge.
US GAAP History and Hierarchy
Presentation of Financial
Income Statement, Balance Sheet & Cash Flows
Investments - Equity Method and Joint
* One Time Payment & Get Lifetime Access
What you get in this US GAAP Course?
Mobile App Access
Online US GAAP Certification Course
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.
|Course||No. of Hours|
|US GAAP 2020: ASC 105 - GAAP History and Hierarchy||1h 44m|
|US GAAP 2020: ASC 205 - Presentation of Financial Statements||51m|
|US GAAP 2020: ASC 210 - Balance Sheet||18m|
|US GAAP 2020: ASC 215 and 225 - Shareholder Equity and Income Statement||27m|
|US GAAP 2020: ASC 230 - Statement of Cash Flow||40m|
|US GAAP 2020: ASC 260 and 305 - EPS and Cash Equivalents||53m|
|US GAAP 2020: ASC 310 - Receivables||36m|
|US GAAP 2020: ASC 323 and 326 - Investments and Credit Losses||32m|
|US GAAP 2020: ASC 330 - Inventory||42m|
|US GAAP 2020: ASC 350 - Intangibles - Goodwill and Other||17m|
|US GAAP 2020: ASC 360 - Property, Plant, and Equipment||35m|
|US GAAP 2020: ASC 405 and 430 - Liabilities and Deferred Revenue||21m|
|US GAAP 2020: ASC 470 - Debt||22m|
|US GAAP 2020: ASC 505 - Equity||48m|
|US GAAP 2020: ASC 605 - Revenue Recognition||43m|
|US GAAP 2020: ASC 705 and 740 - Cost of Sales and Income Taxes||31m|
|US GAAP 2020: ASC 810 - Consolidation||47m|
|ASC 105 - GAAP History and Hierarchy (US GAAP)||26m|
|ASC 205 - Presentation of Financial Statements (US GAAP)||2h 22m|
|ASC 225 - Income Statement (US GAAP)||57m|
|ASC 230 - Statement of Cash flow (US GAAP)||3h 35m|
|ASC 323 - Investments - Equity Method and Joint Ventures (US GAAP)||2h 37m|
|ASC 326 - Financial Instruments - Credit Losses (US GAAP)||1h 19m|
|ASC 330 - Inventory (US GAAP)||1h 32m|
|ASC 360 - Property, Plant and Equipment (US GAAP)||3h 9m|
|ASC 405 - Liabilities (US GAAP)||1h 28m|
|ASC 605 - Revenue Recognition (US GAAP)||2h 31m|
|ASC 810 - Consolidation (US GAAP)||3h 38m|
|ASC 958 - Not-for-Profit Entities (US GAAP)||2h 29m|
|Course Name||Online US GAAP Certification Course Bundle|
|Deal||This is a 29-course bundle. Please note that you get access to all the 29 courses. You do not need to register for each course separately.|
|Hours||36+ 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 29 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 –
The purpose of the training is to impart relevant knowledge to the learners regarding U.S. GAAP accounting standards and to guide them about their implementation. The U.S. GAAP is far most the most widely used accounting standards and thus, their understanding is very important for a person from the accounting and financial reporting domain.
The training is divided into tutorials, each tutorial dealing with different accounting standards. Learners will understand the concepts and text present in the standards, along with their practical applicability. At the end of the course, learners will become self-sufficient to apply and interpret the standards on their own.
The accounting standards that are covered in the training are as follows.
At the first step we will discuss ASC 105 which deals with GAAP history and hierarchy. In this section, you will get to know about the basics of US GAAP as well as its objectives apart from financial accounting standards and its board (known as FASB).
Learners will introduce themselves to ASC 205 which deals with the presentation of financial statements. We will learn about comparative and primary financial statements and financial statements in case of discontinuance, liquidation and going concerned.
ASC 210 will be our next subject area, which deals with the balance sheet. We will learn its applicability with the help of an example.
Next, we will discuss ASC 215 and 225 which relates to shareholder equity and income statement respectively.
Our next subject area will be ASC 230 relating to the cash flow statement, where we will discuss methods for its preparation along with examples.
We will then focus our energies on ASC 260 and 305 which deal with earnings per share (EPS) and cash equivalents respectively. We will understand the simple capital structure, weighted average structure and complex capital structure, in addition to the classification of cash equivalents with the use of examples.
The tutorial will then cover ASC 310 relating to receivables. Here we will learn about receivables, their discounting, write off and other related concepts.
The session will be conducted to discuss ASC 323 and 326 dealing with investments and credit losses in financial instruments respectively.
ASC 330 which is concerned with inventory will also be discussed. We will learn about inventory valuation and its accounting using examples.
The concept of intangibles is dealt with ASC 350, which will be explained with the help of examples.
Learners will also develop an understanding of ASC 360 relating to property, plant, and equipment (abbreviated as PPE). Here you will get to know about basics, depreciation methods and accounting on disposal.
We will then focus on ASC 405 and 430 which deals with liabilities and deferred revenue respectively.
Training will be imparted on ASC 470 which is concerned with debt.
Our next target is ASC 505 dealing with equity. We will discuss equity and treasure stock, cost and par method for treasury stock, stock dividend and stock splits.
Another important ASC is 605 which is related to revenue recognition and its criterion.
In the next phase, we will learn about ASC 705 and 740 which deals with the cost of sales and income taxes respectively.
ASC 810 which deals with consolidation will also be discussed.
In the last section, we will learn about ASC 958 which is concerned with not-for-profit entities and accounting that is applicable for them.
At the end of the course, learners will be well aware of the application of various accounting standards as per US GAAP.
Certificate of Completion
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- 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- Measurement06.16
Working on Example 410.12
Example - Direct Method03.54
Cash Flow from Operating Activities05.57