U.S. GAAP: Key Principles and Financial Statement Presentation

Financial accounting & reporting

Course

U.S. GAAP: Key Principles and Financial Statement Presentation

Instructor: Kelen Camehl, CPA, MBA

  • Format

    Course - Online

  • Duration

    1.5 hours

This course thoroughly reviews the requirements for financial statement presentation under U.S. GAAP including the structure of FASB’s Accounting Standards Codification (ASC). It also presents requirements of specific FASB ASC topics related to financial statement presentation, including those for the balance sheet, income statement, statement of cash flows, notes to financial statements, and interim reporting.

Learning outcomes

  • Identify authoritative sources of generally accepted accounting principles (GAAP)
  • Recognise non-authoritative sources of GAAP
  • Identify how amendments are made to the FASB Accounting Standards Codification® (ASC)
  • Differentiate between sections of FASB ASC
  • Recognise key principles prescribed by various FASB ASC topics related to financial statement presentation
Full description

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

This course thoroughly reviews the requirements for financial statement presentation under U.S. GAAP including the structure of FASB’s Accounting Standards Codification (ASC). It also presents requirements of specific FASB ASC topics related to financial statement presentation, including those for the balance sheet, income statement, statement of cash flows, notes to financial statements, and interim reporting.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Financial Accounting Standards Board’s Accounting Standards Codification (FASB’s ASC)
  • U.S. GAAP Financial Statement Presentation
  • Balance sheet
  • Income statement
  • Statement of cash flows
  • Notes to financial statements
  • Interim reporting

Who should take this course?

  • Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals.

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Duration:1.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • Kelen Camehl, CPA, MBA