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About the US GAAP Certificate Course:

US- based companies are required to follow the US Generally Accepted Accounting Principles (US GAAP) issued by the Financial Accounting Standards Board (FASB). In this program, EY professionals and senior industry experts will share perspective on US GAAP including Accounting Standards Codification (ASC), including ASC 606 – Revenue from Contract with Customers, ASC 842 - Leases, ASC 326 – Impairment of Financial Assets, ASC 860 – Transfer and Servicing Assets and Liabilities, ASC 805 - Business Combinations and Accounting Standard Updates (ASU).

This online US GAAP course helps finance, accounting and audit professionals understand FASB requirements and apply US accounting standards to practical reporting issues.

The program aims to provide understanding on the US GAAP through the EY experience, while focusing on practical challenges faced by industry and professionals in the application of these standards. The program embeds an inclusive discussion on recognition, measurement, presentation and disclosure requirements for different ASCs and ASUs.

Who should take this US GAAP course?

The US GAAP certificate course is suitable for accountants, company secretaries, finance managers, controllers, MBA finance professionals and accounting graduates.

  • Professional accountants, company secretaries, management accountants and other finance professionals
  • Finance managers, financial controllers, accountants
  • MBA finance professionals working in accounting domain
  • Accounting graduates

US GAAP Course Benefits and Learning Outcomes

Learners can strengthen their ability to interpret recognition, measurement, presentation and disclosure requirements across important Accounting Standards Codification topics.

US GAAP Course Curriculum and ASC Coverage

Course coverage includes financial statements, revenue under ASC 606, leases under ASC 842, credit losses, business combinations, financial instruments and relevant Accounting Standard Updates.

  • Origin of ASC (Codification), ASC and standards issued by Securities and Exchange Commission (SEC), ASU, FASB Conceptual Framework
  • Balance Sheet, Profit and Loss Account, Statement Of Changes in Equity (SOCIE)
  • Statement of Cash Flows
  • Accounting Changes and Error Correction
  • Income Taxes
  • Property, Plant and Equipment
  • Goodwill and Other Intangibles
  • Inventories
  • Foreign Currency Matters
  • Business Combinations
  • Consolidated Financial Statements
  • Investment in Debt Instruments
  • Investment in Equity Instruments
  • Impairment of Financial Assets
  • Derivatives and Hedging
  • Transfer and Servicing Assets and Liabilities
  • Earnings Per Share
  • Segment Reporting
  • Share Based Payments
  • Fair Value Measurements
  • Revenue from Contract with Customers
  • Leases

 

   
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Contact EY Virtual Academy Support