- Accounting and consolidation under US GAAP - Accounting production: How to produce consolidated financial statements under US GAAP
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- IFRS - International Financial Reporting Standards (IFRS)
Specialization
Target audience
- Consolideurs
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
2 day
US GAAP training
Prerequisites
No prior knowledge is required
Objectives
◗ Apply the key requirements of U.S. Generally Accepted Accounting Principles (U.S. GAAP).
◗ Identify the differences between French financial statements and US GAAP financial statements.
◗ Incorporate the latest updates to the U.S. standards.
◗ Use official sources and monitoring tools to keep your knowledge of U.S. GAAP up to date.
Training program
This program is updated in real time to reflect the constantly changing U.S. standards
◗ The Fundamentals and Regulatory Framework of U.S. GAAP
– Scope of Application
– Sources of U.S. Accounting Requirements
– US GAAP Codification (ASC)
✔ UNDERSTAND | Interactive Quizzes
✔ UNDERSTAND | Guided Navigation on the FASB Website
◗ Determining Revenue
– The five-step methodology required by the standard
– Analysis of the components of complex or combined contracts (separation of “performance obligations”)
– Criteria for recognition based on progress over time
✔ UNDERSTAND | Decision trees
✔ UNDERSTAND | Interactive quizzes
◗ Property, Plant, and Equipment, Intangible Assets, and Impairment Losses
– Determining the cost of acquisition, accounting for financing costs, inspection costs, and dismantling costs
– The special case of research and development costs and the limits on capitalization
– The scope and practical procedures for testing noncurrent assets for impairment
✔ UNDERSTAND | Interactive quizzes
◗ Lease Agreements
– The fundamental principle of recognition on the balance sheet
– Accounting treatment of operating leases andfinance leases
✔ UNDERSTAND | Decision tree: operating lease vs. finance lease
✔ APPLY | Case study: Accounting treatment of an operating lease from the lessee’s perspective
◗ Social Obligations and Provisions
– Accounting for Post-Employment Benefit Plans
– Other Provisions: Some Differences in Approach Compared to French Rules
✔ UNDERSTAND | Interactive Quizzes
✔ APPLY | Case Study: Pension Provision and Changes in Actuarial Assumptions
◗ Financial Instruments
– Accounting and measurement principles for various types of financial assets and liabilities
– The concept of the effective interest rate (EIR)
✔ APPLY | Case study: Measurement and recognition of a bond issuance
◗ Business Combinations
– The purchase price allocation (PPA) process and rules for accounting for goodwill
✔ UNDERSTAND | Diagram explaining the steps of a PPA
✔ UNDERSTAND | Interactive quizzes
✔ APPLY | Case study: Calculating goodwill
Why choose this course?
The US GAAP framework (U.S. accounting standards) differs in many ways from French corporate accounting and IFRS standards. Over the course of two days, this training course helps participants refresh their knowledge and understand the key adjustments required when transitioning from one accounting framework to the other.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
2,250 EXCL. TAX
Testimonials
US GAAP training
US GAAP training
US GAAP training
Jonathan C.
Company
Training