A knowledge of US Generally Accepted Accounting Principles (US GAAP) is vital to those entities that currently are or, plan to be, publicly listed in the US. Subsidiaries of US parent companies also have an important need to understand US GAAP in order to comply with consolidation rules and corporate information requirements.
With the convergence projects coming to a close, the US FASB and the IASB have expressed their committment to working together in order to improve transparency, consistency, and comparability of their respective financial reporting rules. US GAAP will therefore continue to have a strong influence on new global GAAP as it is developed. An understanding of US GAAP will also help all firms to implement upcoming changes in accounting standards.
This 30-day online learning course provides a rigorous review of major technical US GAAP requirements, including pronouncements of:
- The Financial Accounting Standards Board (FASB)
- The Securities and Exchange Commission (SEC)
The accounting requirements are presented using illustrative financial statements and examples, with interactive participation from the participants encouraged. In addition to a review of current US GAAP, this program also presents information on likely future pronouncements and the probable impact of their adoption.
This course answers questions such as:
- What are the current and likely future requirements of US GAAP?
- How are US GAAP recognition and measurement rules applied?
- Where can up-to-date information about US GAAP be obtained?
- When are fair value measurements required?
- What is the status of the joint IASB-FASB projects?