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Certificate Program in US GAAP by Ernst & Young 

  • Offered byEY

Certificate Program in US GAAP by Ernst & Young
 at 
EY 
Overview

Get Practical Insight into US Accounting Standards by Ernst & Young

Duration

60 hours

Mode of learning

Online

Difficulty level

Intermediate

Credential

Certificate

Certificate Program in US GAAP by Ernst & Young
 at 
EY 
Highlights

  • 8 Live Online Sessions of 8 Hours Each
  • 6 month?s access to Recorded Lectures
  • EY Certificate of Completion post assessment
  • EY Presentations and Publications
  • Query handling through dedicated email support
  • Course Schedule: Batch Start Date: 7th November 2020
Read more
Details Icon

Certificate Program in US GAAP by Ernst & Young
 at 
EY 
Course details

Who should do this course?
  • The program is most suited for professionals and students who are working on USGAAP or intend to learn the US GAAP and include:
  • Professional accountants, company secretaries, management accountants, and other finance professionals
  • Finance managers, financial controllers, accountants
  • MBA finance professionals working in accounting domain
  • Accounting graduates
What are the course deliverables?
  • Understand and explain the structure of the framework of the US GAAP
  • Apply relevant ASCs and ASUs to key elements of financial reporting
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Achieve a practical understanding of the key concepts and complex areas in the fields of reporting and disclosures through illustrations, case studies, examples and assessments covered in the program
More about this course
  • US based companies are required to follow the US Generally Accepted Accounting Principles (US GAAP) issued by the Financial Accounting Standards Board (FASB). In this program, EY professionals and senior industry experts will share perspective on the US GAAP including Accounting Standards Codification (ASC) ASC 606 ? Revenue from Contract with Customers, ASC 842 - Leases, ASC 326 ? Impairment of Financial Assets, ASC 860 ? Transfer and Servicing Assets and Liabilities, ASC 805 - Business Combinations and Accounting Standard Updates (ASU)
  • The program aims to provide understanding on the US GAAP through the EY experience, while focusing on practical challenges faced by industry and professionals in the application of these standards. The program embeds an inclusive discussion on recognition, measurement, presentation and disclosure requirements for different ASCs and ASUs.
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Certificate Program in US GAAP by Ernst & Young
 at 
EY 
Curriculum

Introduction to US GAAP

Origin of ASC (Codification), ASC and standards issued by Securities and Exchange Commission (SEC), ASU, FASB Conceptual Framework

General Purpose Financial Statements

Balance Sheet, Profit and Loss Account, Statement Of Changes in Equity (SOCIE)

ASC 230

Statement of Cash Flows ASC 250 Accounting Changes and Error Correction

ASC 740

Income Taxes

ASC 360

Property, Plant and Equipment

ASC 350

Goodwill and Other Intangibles ASC 330 Inventories

ASC 830

Foreign Currency Matters

ASC 805

Business Combinations ASC 810 Consolidated Financial Statements ASC 320 Investment in Debt Instruments

ASC 321

Investment in Equity Instruments

ASC 326

Impairment of Financial Assets

ASC 815

Derivatives and Hedging

ASC 860

Transfer and Servicing Assets and Liabilities ASC 260 Earnings Per Share

ASC 280

Segment Reporting

ASC 718

Share Based Payments ASC 820 Fair Value Measurements

ASC 606

Revenue from Contract with Customers

ASC 842

Leases

Certificate Program in US GAAP by Ernst & Young
 at 
EY 
Entry Requirements

Eligibility criteriaUp Arrow Icon
Conditional OfferUp Arrow Icon
  • Not mentioned

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Certificate Program in US GAAP by Ernst & Young
 at 
EY 

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