US GAAP: A Guide for Non-US GAAP Users
This activity is delivered by accountingcpd.
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US GAAP is a key area of financial reporting, not only because the USA is the world's largest economy, but it's a framework used by many global corporations. In this course you will familiarise yourself with its principles, standards, and its comparisons with IFRS.
All year round, and on every accountingcpd purchase you make, get 10% off as a CA ANZ member. Just use code CAANZ101.
Please note you will be directed to accountingcpd to purchase this product.
US GAAP is a key area of financial reporting, not only because the USA is the world's largest economy, but it's a framework used by many global corporations. In this course you will familiarise yourself with its principles, standards, and its comparisons with IFRS.
About
The USA has the world's largest economy and is home to a range of global corporations. Having an understanding of US GAAP and how it compares to IFRS is a must for financial reporting.
Perhaps you report internationally under IFRS but have operations in the USA that also need a US GAAP report. Maybe you compete with companies reporting under US GAAP and need to know how to answer difficult questions about how your IFRS report compares. You could even be an analyst needing to compare the accounts of different companies with different regimes.
This course will provide you with a detailed overview of US GAAP. You'll discover its underlying principles as well as how it compares to the IFRS framework. You’ll become familiar with the processes and standards needed to account for non-financial assets, revenue, financial instruments, and business combinations under US GAAP.
Upon satisfactory completion of this activity, you will be able to:
Benefits:
With the USA currently being the world’s largest economy, and many of the most significant global bit-hitters like Apple and Amazon using US GAAP, an understanding of US GAAP is a highly regarded commodity for anyone interested in financial reporting.
Perhaps you report internationally under IFRS but have operations in the USA that also need a US GAAP report. Maybe you compete with companies reporting under US GAAP and need to know how to answer difficult questions about how your IFRS report compares. You could even be an analyst needing to compare the accounts of different companies with different regimes.
This course will provide you with a detailed overview of US GAAP. You'll discover its underlying principles as well as how it compares to the IFRS framework. You’ll become familiar with the processes and standards needed to account for non-financial assets, revenue, financial instruments, and business combinations under US GAAP.
Upon satisfactory completion of this activity, you will be able to:
- Compare the accounts of companies reporting under different regulatory regimes.
- Understand the rules of US GAAP and how they compare to the principles-based IFRS system.
- Recognise the differences in the accounting treatment applied to non-financial assets under US GAAP and IFRS.
- Appreciate and general similarity of approach accounting for revenue and expenditure under US GAAP and IFRS.
- Familiarise yourself with the appropriate standards for accounting for financial instruments and business combinations.
Benefits:
With the USA currently being the world’s largest economy, and many of the most significant global bit-hitters like Apple and Amazon using US GAAP, an understanding of US GAAP is a highly regarded commodity for anyone interested in financial reporting.
EVENT DETAILS
Topic: Reporting
Sub-Topic: Financial Reporting
Format: eLearning
Proficiency Level: Intermediate
CPD: Upto 4 hours