Introduction to U.S. GAAP

Are you new to the accounting and reporting requirements under U.S. Generally Accepted Accounting Principles (US GAAP)? If so, this one-hour introduction to US GAAP CPE course provides you an introduction to everything you need to know to begin your journey from US GAAP novice to expert! Join our expert facilitators, Bob and Rachel, on a fun and informative journey. They'll explore all the information you need to know to get started with US GAAP. This includes how it is organized, who is responsible for determining GAAP, and how the SEC is involved in setting accounting standards.

Topics covered in this introduction to US GAAP CPE course include:

• An overview of the standard setting landscape, including which guidance applies to entities such as US public issuers, US non-public entities, Foreign private issuers, or Foreign non-public entities
• Introduction to to the Financial Accounting Standards Board (FASB)
• Overview and tour of the Accounting Standards Codification (ASC)
• Other areas of authoritative guidance
• The standard setting process
• Private company alternatives
• Introduction to the Securities and Exchange Commission (SEC) and its impact on financial reporting

Whether you're an IFRS expert embarking on your first foray into the world of US GAAP or a new auditor or accountant, this introduction to US GAAP CPE course will give you the edge you need to navigate US GAAP standards and understand the standard-setting process.

Interested in group discounts for your team? Contact us to learn more.

By the end of this course, you should be able to:

• Recognize the structure and content of the FASB’s conceptual framework and Accounting Standards Codification (ASC)
• Recall key considerations and requirements for applying U.S. GAAP