210: US GAAP Immersion (4-day course)
This four-day course provides a detailed step by step guide through the technical issues faced in producing US GAAP financial statements. It is designed as an extended version of our Course 201:... [read more]

210: US GAAP Immersion (4-day course)

Duration: 4 days

Course Level: Introductory / Intermediate

This four-day course provides a detailed step by step guide through the technical issues faced in producing US GAAP financial statements. It is designed as an extended version of our Course 201: Overview of US GAAP (2-day course). The programme will cover, through the use of case studies and exercises: Sources of US GAAP | GAAP hierarchy | Consolidated financial statement requirements, including special purpose entities | Statement of financial position | Income statement | Discontinued operations | Changes in policies, accounting estimates and errors | Earnings per share | Comprehensive income | Cash flow statement | Statement of changes in equity | Revenue recognition (current FASB & SEC requirements) | Treatment of multiple deliverables | Service revenues | Current revenue issues | Foreign currency transactions | Inventory accounting | Business combinations | Phase II of the Business Combinations Project - Exposure Draft of new standard | Equity method accounting | Investments in associates | Joint ventures | Intangible assets | Accounting for research and development | Impairment testing of goodwill | Long-lived assets | Capitalisation of interest | Asset retirement obligations | Assets held for sale | Nonmonetary transactions | Impairment of long-lived assets | Lease accounting (capital and operating) | Contingency accounting & disclosures | Restructuring provisions | Events after the balance sheet date | Income taxes | Short-term employee benefits | Pension cost measurement and presentation | Other post-employment benefits | Share-based payment | Financial assets (categories and accounting treatments) | Financial liabilities | Derivatives | Hedge accounting | Discussion of future developments (Exposure Drafts, project agenda, update on the IASB-FASB short term convergence project, SEC reconciliation elimination plans). Note that this course is classified as "Introductory / Intermediate" level. This implies that participants are expected to have prior knowledge of basic accounting principles based on any national standards, and that they can expect to leave the course with a broad understanding of US GAAP and with the ability to understand financial statements prepared on that basis. Please note however that preparation of detailed US GAAP financial statements (including disclosures) is a complex requirement where further training may be needed.

761: Review of Sarbanes-Oxley Requirements
Why Sarbanes-Oxley? | Where does SOX go from here? | The Internal Control Report and multiple location analyses | Other disclosure requirements | Off-balance sheet transactions and contractual... [read more]