Even if not reporting directly in US GAAP many of us are involved with US GAAP as often there will be a US parent company in the group. It is useful therefore to gain an insight into the requirements of US GAAP and an understanding of the requests for both data and information that come from the US parent. Also, the development of financial reporting around the world is influenced significantly by US GAAP. An insight into US GAAP can help to understand the decisions taken by other reporting frameworks such as IFRS. This course provides an introduction to US GAAP by examining its requirements and accounting treatments.
On completion of this course, participants will have a greater understanding of:
- The key attributes of US GAAP
- The format of the financial statements
- An initial understanding of key accounting areas impacting on financial position
- An initial understanding of key accounting areas impacting on financial performance
Authored by: Lincoln Miles
Lincoln Miles is a financial reporting consultant and trainer specialising in IFRS, US GAAP and UK GAAP. He has worked as an auditor for PwC, has been a presenter and technical author for BPP and provides bespoke consultancy and training to companies throughout Europe.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date