Who should attend?

The program is most suited for professionals and students who are working on USGAAP or intend to learn US GAAP including:

  • Professional accountants, company secretaries, management accountants and other finance professionals
  • Finance managers, financial controllers, accountants
  • MBA finance professionals working in accounting domain
  • Accounting graduates
  • Any student/ professional keen to upskill themselves in the US GAAP domain

Why the US GAAP Training Program?

  • Theory meets practice in every session, making learning truly insightful and applicable
  • Sessions will be delivered by industry experts and senior professionals from member firms of EY
  • Detailed coverage of differences between US GAAP and IFRS
  • 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

Program coverage (Standards covered)

Topic        

Details

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

Program Deliverables :

  • Virtual instructor led training of 70 hours – 14 sessions of five hours each (VILT)
  • Real time doubt solving through live interaction
  • Access to standard EY US GAAP pre-recorded lectures at EY Virtual Academy
  • EY presentations and publications
  • Query Support through a dedicated platform — Ask EY Expert

Certifications :

EY will award “Certificate of Participation” to those who secure more than 80% and above attendance in the live online sessions.

EY will award “Certificate of Completion” to participants who meet both the below criteria:

  • Attendance of 80% and above in the live online sessions
  • Secure 75% and above in the EY US GAAP Assessment

Each participant will get three attempts. The assessment will be live for a week after the completion of the session.

Schedule: Sessions to be conducted every Saturday

Batch starting from: Saturday 26th July 2025
Program fee: INR 30,000/- plus taxes for Indian participants

USD 500 for International participants
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