Us Gaap - Quick And Easy

Develop a good understanding of US GAAP concepts quickly - Detailed documentation provided at the end of each session

What you'll learn

Quick and easy way to understand US GAAP (Generally accepted Accounting principles)

Detailed understanding and application of ASC (Accounting Standards Codification)

Relevant examples across all topics

Case study problems with Solutions

Requirements

Accounting background would be desirable, but not a must

Description

This course is intended to provide a detailed understanding of the key US GAAP concepts spread across 41 lectures in a quick and easy manner.  This is the in-demand skill for all students and professionals in the Finance and Accounting field. So, If you are a Finance and Accounting student or a working professional, this course on US GAAP will enhance your student or professional journey tremendously.We have curated the course to include all relevant and key topics of US GAAP. We have 41 course lectures with free downloadable course material that will be of great benefit and value at an unbeatable price.The course covers the history and evolution of US GAAP, Accounting Standard codifications and set up,  Accounting principles, Accounting Standard updates, Standardized codification sections, Accounting Standard Codifications covering presentation of financial statements, components of financial statements and Audit requirements, Offsetting, Balance Sheet, Statement of Shareholder equity, Income statement - Reporting of comprehensive income, Changes in Accounting estimates, Statement of Cash flows, Direct versus Indirect method, Earnings per share, Inventory, Intangibles, Goodwill, Research and development costs, Impairment, Discontinued operations, Steps in revenue recognition model, Definition and classes of Inventory, Inventory valuation methodologies, Property, plant and equipment, 4 stages of incurring costs for PP&E, Depreciation, Asset retirement obligations, Contingencies, Revenue recognition, Income Taxes, Business combinations, Consolidation, Leases, Related party disclosures, Financial instruments, key differences between US GAAP and IFRS, Fair value measurements, Derivatives and hedging, Consolidated Financial statements and so on. We hope you find this learning material useful and are able to extract the full benefits of the same.

Overview

Section 1: Introduction

Lecture 1 Introduction to US GAAP

Section 2: Snapshot of US GAAP Codification, ASC and ASU

Lecture 2 Snapshot of US GAAP codification

Section 3: ASC set up and topics

Lecture 3 ASC set up and codification sections

Section 4: ASC 205 - Balance sheet and disclosures

Lecture 4 Components of financial statements

Section 5: ASC 205 - Income statement presentation requirements

Lecture 5 ASC 205 - Income statement presentation

Section 6: ASC 250 - Accounting principles

Lecture 6 ASC 250 - Accounting principles

Section 7: ASC 360 - Property, plant and equipment

Lecture 7 ASC 360 - Property, Plant and equipment

Section 8: Depreciation, disposal and asset retirement obligations

Lecture 8 Depreciation, disposal and asset retirement obligations

Section 9: ASC 350 - Intangible assets, R&D and goodwill

Lecture 9 ASC 350 - Intangible assets, R&D and goodwill

Section 10: Discontinued operations

Lecture 10 Discontinued operations

Section 11: Adjustments to discontinued operations and disclosures

Lecture 11 Adjustments to discontinued operations and disclosures

Section 12: ASC 230 - Statement of cash flows

Lecture 12 Statement of cash flows

Section 13: Reporting of Cash flow statements

Lecture 13 Reporting of Cash flow statements

Section 14: ASC 450 - Contingencies

Lecture 14 ASC 450 - Contingencies

Section 15: Part 15 - Revenue ASC 605

Lecture 15 Part 15 - Revenue ASC 605

Section 16: ASC 605 - Revenue recognition

Lecture 16 ASC 605 - Revenue recognition

Section 17: ASC 330 - Inventories

Lecture 17 ASC 330 - Inventories

Section 18: Inventories - Cost flow methods

Lecture 18 Inventories - Cost flow methods

Section 19: Related party disclosures

Lecture 19 Related party disclosures

Section 20: ASC 842 - Leases

Lecture 20 ASC 842 - Leases

Section 21: Lease payments, classification and accounting

Lecture 21 Lease payments, classification and accounting

Section 22: Share based payments

Lecture 22 Share based payments

Section 23: Share based payments - Vesting conditions and repurchase provisions

Lecture 23 Share based payments - Vesting conditions and repurchase provisions

Section 24: ASC 280 - Segment reporting

Lecture 24 ASC 280 - Segment reporting

Section 25: ASC 740 - Income Taxes

Lecture 25 ASC 740 - Income Taxes

Section 26: Tax benefit recognition and disclosures

Lecture 26 Tax benefit recognition and disclosures

Section 27: ASC 260 - Earnings per share

Lecture 27 ASC 260 - Earnings per share

Section 28: Rights issue of shares

Lecture 28 Rights issue of shares

Section 29: ASC 715 - Post employment benefits

Lecture 29 ASC 715 - Post employment benefits

Section 30: Net periodic benefit cost - Post employment benefits

Lecture 30 Net periodic benefit cost - Post employment benefits

Section 31: ASC 820 - Fair value measurements

Lecture 31 ASC 820 - Fair value measurements

Section 32: ASC 825 - Financial instruments classification

Lecture 32 ASC 825 - Financial instruments classification

Section 33: Investment in equity securities

Lecture 33 Investment in equity securities

Section 34: ASC 480 - Investment in Equity Vs Liabilities

Lecture 34 ASC 480 - Investment in Equity Vs Liabilities

Section 35: Accounting for loans, Debt securities classification and CECL

Lecture 35 Accounting for loans, Debt securities classification and CECL

Section 36: Financial instruments - Impairment

Lecture 36 Financial instruments - Impairment

Section 37: ASC 815 - Derivatives

Lecture 37 ASC 815 - Derivatives

Section 38: Hedging and methods of hedge accounting

Lecture 38 Hedging and methods of hedge accounting

Section 39: Transfer and servicing of financial assets

Lecture 39 Transfer and servicing of financial assets

Section 40: ASC 805 - Business combinations

Lecture 40 ASC 805 - Business combinations

Section 41: ASC 810 - Consolidated financial statements

Lecture 41 ASC 810 - Consolidated financial statements

Section 42: Linking US GAAP principles to the financial statements

Lecture 42 Linking US GAAP principles to the financial statements

This course is intended for working professionals as well as students who wish to gain an understanding of US GAAP