Udemy

US GAAP - Quick and Easy

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  • 1,488 Students
  • Updated 9/2023
4.0
(346 Ratings)
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Course Information

Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
5 Hour(s) 10 Minute(s)
Language
English
Taught by
Learning Lab
Rating
4.0
(346 Ratings)

Course Overview

US GAAP - Quick and Easy

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

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.

Course Content

  • 10 section(s)
  • 42 lecture(s)
  • Section 1 Introduction
  • Section 2 Snapshot of US GAAP Codification, ASC and ASU
  • Section 3 ASC set up and topics
  • Section 4 ASC 205 - Balance sheet and disclosures
  • Section 5 ASC 205 - Income statement presentation requirements
  • Section 6 ASC 250 - Accounting principles
  • Section 7 ASC 360 - Property, plant and equipment
  • Section 8 Depreciation, disposal and asset retirement obligations
  • Section 9 ASC 350 - Intangible assets, R&D and goodwill
  • Section 10 Discontinued operations

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


Reviews

  • S
    Stephenie Kyser
    5.0

    The information is concise, easy to follow, and clearly defined. I also like the short lessons and immediate reviews to make sure I am following along in case I need to go back and review something.

  • S
    Stephanie Duhaylungsod Liquin
    5.0

    Very informative

  • O
    Omar Rosas
    5.0

    I have some troubles with the audio, but with the reading was easy to follow the season

  • S
    Stuti garg
    3.0

    The person is just reading the content that is written on slides. He is not even using a single word to describe it in any other form. Facing problems in some points but no way to understand them. there should be some way to ask the questions or if we stuck at some point we should get a solution for the same.

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