What you'll get
- 35+ Hours
- 25 Courses
- Mock Tests
- Course Completion Certificates
- Self-paced Courses
- Technical Support
- Case Studies
- Download Curriculum
Synopsis
- The course covers a comprehensive range of US GAAP topics, including the evolution and hierarchy of standards, financial statement presentation, income reporting, cash flow statements, equity method investments, credit loss measurement, inventory valuation, fixed assets, liabilities, revenue recognition, consolidation principles, and not-for-profit organization guidelines.
- Downloadable Excel templates are available for use throughout the program.
- Learners receive full access to all course materials for one year.
- The course is open to anyone interested in US GAAP, with no formal eligibility requirements.
- No prior experience is required, though a basic understanding of accounting is helpful.
- Certificates of Excellence are awarded for all 25 modules, along with practical project work.
- Official course completion certificates are issued, each with a unique verification link suitable for resumes or LinkedIn profiles.
- The program is delivered entirely through self-paced video lessons, providing flexible learning options.
Content
| Courses | No. of Hours | Certificates | Details |
|---|---|---|---|
| US GAAP: ASC 105 - GAAP History and Hierarchy | 1h 13m | ✔ | View Curriculum |
| US GAAP: ASC 205 - Presentation of Financial Statements | 44m | ✔ | View Curriculum |
| US GAAP:Â ASC 215 and 225 - Shareholder Equity and Income Statement | 23m | ✔ | View Curriculum |
| US GAAP: ASC 230 - Statement of Cash Flow | 33m | ✔ | View Curriculum |
| US GAAP:Â ASC 260 and 305 - EPS and Cash Equivalents | 46m | ✔ | View Curriculum |
| US GAAP:Â ASC 323 and 326 - Investments and Credit Losses | 30m | ✔ | View Curriculum |
| US GAAP: ASC 330 - Inventory | 40m | ✔ | View Curriculum |
| US GAAP: ASC 360 - Property, Plant, and Equipment | 22m | ✔ | View Curriculum |
| US GAAP: ASC 470 - Debt | 17m | ✔ | View Curriculum |
| US GAAP: ASC 505 - Equity | 47m | ✔ | View Curriculum |
| US GAAP: ASC 605 - Revenue Recognition | 43m | ✔ | View Curriculum |
| US GAAP:Â ASC 705 and 740 - Cost of Sales and Income Taxes | 31m | ✔ | View Curriculum |
| US GAAP: ASC 810 - Consolidation | 47m | ✔ | View Curriculum |
| Courses | No. of Hours | Certificates | Details |
|---|---|---|---|
| ASC 105 - GAAP History and Hierarchy (US GAAP) | 25m | ✔ | View Curriculum |
| ASC 205 - Presentation of Financial Statements (US GAAP) | 2h 17m | ✔ | View Curriculum |
| ASC 225 - Income Statement (US GAAP) | 55m | ✔ | View Curriculum |
| ASC 230 - Statement of Cash flow (US GAAP) | 3h 27m | ✔ | View Curriculum |
| ASC 323 - Investments - Equity Method and Joint Ventures (US GAAP) | 1h 9m | ✔ | View Curriculum |
| ASC 326 - Financial Instruments - Credit Losses (US GAAP) | 1h 15m | ✔ | View Curriculum |
| ASC 330 - Inventory (US GAAP) | 1h 3m | ✔ | View Curriculum |
| ASC 360 - Property, Plant and Equipment (US GAAP) | 3h 3m | ✔ | View Curriculum |
| ASC 405 - Liabilities (US GAAP) | 1h 24m | ✔ | View Curriculum |
| ASC 605 - Revenue Recognition (US GAAP) | 2h 27m | ✔ | View Curriculum |
| ASC 810 - Consolidation (US GAAP) | 3h 34m | ✔ | View Curriculum |
| ASC 958 - Not-for-Profit Entities (US GAAP) | 2h 24m | ✔ | View Curriculum |
| Courses | No. of Hours | Certificates | Details |
|---|---|---|---|
| No courses found in this category. | |||
Description
MODULE 1: US GAAP - Changes and Updates
This module covers recent revisions to US GAAP, explaining the reasons for these changes and their impact on financial reporting. Learners review transition requirements, practical implications, and effects on financial statement preparation. Real-world examples and case discussions illustrate how to apply updated standards. By the end, participants will understand new GAAP developments and be prepared to implement them.
- ASC 105 - GAAP History and Hierarchy: Provides an overview of GAAP’s origins and structural framework, essential for interpreting reporting standards.
- ASC 205 - Presentation of Financial Statements: Covers essential guidelines for presenting financial statements in accordance with GAAP.
- ASC 215 and 225 - Shareholders' Equity and Comprehensive Income: Explains the principles governing equity transactions and comprehensive income reporting.
- ASC 230 - Statement of Cash Flows: Discusses how to prepare and present cash flow statements under GAAP rules.
- ASC 260 and 305 - EPS and Cash and Cash Equivalents: Examines the calculation of earnings per share and the reporting of cash-related items.
- ASC 323 and 326 - Investments and Financial Instruments: Outlines accounting requirements for investments and financial instruments.
- ASC 330 - Inventory: Reviews GAAP’s guidance on inventory valuation and reporting.
- ASC 360 - Property, Plant, and Equipment: Explains accounting practices for fixed assets.
- ASC 470 - Debt: Discusses recognition and measurement of debt instruments.
- ASC 505 - Equity: Covers the classification and valuation of equity instruments.
- ASC 605 and 606 - Revenue Recognition: Provides insight into revenue recognition concepts, including updates introduced under ASC 606.
- ASC 705 and 740 - Cost of Sales and Income Taxes: Details accounting for cost of sales and income tax-related transactions.
- ASC 810 - Consolidation: Explains consolidation rules for parent and subsidiary financial statements.
MODULE 2: Understanding US GAAP Financial Statements
This module develops skills for interpreting and evaluating financial statements prepared under US GAAP. Participants explore the essential elements of financial reporting, including the statement of financial position, profit and loss statement, and cash flow report, while gaining clarity on the core concepts and principles that guide their preparation. Examples and case studies clarify the roles of disclosures and footnotes in financial analysis. Upon completion, participants will understand how US GAAP financial statements are constructed and used in decision-making.
- ASC 105 - GAAP History and Hierarchy: An expanded review of GAAP’s evolution and its authoritative structure.
- ASC 205 - Presentation of Financial Statements: A thorough explanation of presentation rules and formatting requirements.
- ASC 225 - Income Statement: Comprehensive coverage of GAAP income statement reporting standards.
- ASC 230 - Statement of Cash Flow: Detailed instruction on preparing, presenting, and interpreting the cash flow statement.
- ASC 323 - Investments: In-depth analysis of the equity method and fair value method for investment accounting.
- ASC 326 - Financial Instruments: Extensive guidance on accounting for financial instruments, including credit loss models.
- ASC 330 - Inventory: Additional insights into valuation methods and cost allocation techniques.
- ASC 360 - Property, Plant, and Equipment: Advanced coverage of asset acquisition, depreciation, and disposal.
- ASC 405 - Liabilities: Detailed examination of the classification and measurement of liabilities.
- ASC 605 - Revenue Recognition: Advanced exploration of revenue recognition rules and industry-specific considerations.
- ASC 810 - Consolidation: Practical and advanced discussions on consolidation procedures and applications.
- ASC 958 - Not-for-Profit Entities: Complete guidance on accounting requirements tailored to not-for-profit organizations.
MODULE 3: Mock Tests & Quizzes
This module enables learners to assess their understanding of US GAAP through practice tests and quizzes that reflect real-world scenarios and concepts from previous modules. Instant feedback helps participants identify strengths, address gaps, and refine their learning strategies. Completing these assessments improves exam readiness and confidence in GAAP-based reporting.
This course offers a comprehensive, structured learning path for professionals, aspiring accountants, and anyone seeking clarity on US GAAP. Participants gain essential skills, from understanding recent updates to mastering financial statement interpretation, enabling them to navigate complex accounting environments confidently.
Sample Certificate
Requirements
- A foundational grasp of accounting concepts and financial reporting practices is advised.
- Familiarity with financial statements and major accounting frameworks, such as IFRS or GAAP, is helpful.
- Prior experience in accounting, finance, or related fields is beneficial but not required.
- A willingness to learn and engage with US GAAP standards and related financial statements is essential.
- Accessing supplementary study materials or reference resources can enhance your learning experience.
Target Audience
- This program is intended for finance professionals who want to broaden their knowledge of US GAAP and financial reporting.
- The program helps accountants stay current with GAAP developments and improve financial statement preparation skills.
- It provides students in accounting, finance, or related fields with a strong foundation in US GAAP.
- The program welcomes participants at any level of experience who want to expand their knowledge of accounting principles and financial reporting.
- It supports individuals preparing for US GAAP exams or assessments.
- The program benefits audit, tax, and consulting professionals who need to stay current with GAAP standards to support clients.
- It assists corporate finance teams with planning, analysis, and reporting under US GAAP.
- The program helps business owners manage finances and communicate effectively with stakeholders.
- It provides educators and trainers with additional resources to teach US GAAP concepts.
- The program is suitable for career changers pursuing finance or accounting roles who need a strong foundation in US GAAP.
