US GAAP: A Guide for Non-US GAAP Users

by Wayne Bartlett

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. Familiarise yourself with its principles, standards, and its comparisons with IFRS, in this course.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you 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

About the course

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.

Look inside

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Contents

  • Key aspects
    • The importance of knowing
    • Governance arrangements
    • Financial statements
    • Spot the difference
    • The structure
    • Industry specific standards
    • Convergence
  • Accounting for non-financial assets
    • Differences in non-financial assets
    • Property, plant and equipment
    • Accounting for a PPE asset
    • Depreciation rules
    • Impairment rules
    • Differences in intangible assets
    • Intangible assets
    • Research and development
    • Leasing
  • Operating activities
    • The spirit of cooperation
    • Revenue recognition
    • Key methodology employed by ASC 606
    • Differences in inventory
    • Inventory
    • Provisions and contingencies
    • Expenditure
  • Financial instruments and business combinations
    • Financial instruments
    • More in common than you'd think
    • Fair values
    • Debt and equity investments
    • Impairments and financial instruments
    • Business combinations
    • Acquisitions
    • Goodwill
    • Consolidation
    • Equity accounting

Author

Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
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Exclusive news and CPD every week plus monthly webinars, all year round
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All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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