About the 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.

Course Benefits

  • 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

Who Should Take this Course?

  • Professional accountants, company secretaries, management accountants, and other finance professionals
  • Finance managers, financial controllers, accountants
  • MBA finance professionals working in accounting domain
  • Accounting graduates

Course Coverage

  • Origin of ASC (Codification), ASC and standards issued by Securities and Exchange Commission (SEC), ASU, FASB Conceptual Framework
  • Balance Sheet, Profit and Loss Account, Statement Of Changes in Equity (SOCIE)
  • Statement of Cash Flows
  • Accounting Changes and Error Correction
  • Income Taxes
  • Property, Plant and Equipment
  • Goodwill and Other Intangibles
  • Inventories
  • Foreign Currency Matters
  • Business Combinations
  • Consolidated Financial Statements
  • Investment in Debt Instruments
  • Investment in Equity Instruments
  • Impairment of Financial Assets
  • Derivatives and Hedging
  • Transfer and Servicing Assets and Liabilities
  • Earnings Per Share
  • Segment Reporting
  • Share Based Payments
  • Fair Value Measurements
  • Revenue from Contract with Customers
  • Leases

Quick Query

Course Deliverables

  • 60+ Hours of Learning Videos

  • Presentations

  • Online Assessment

  • Certificate of Completion

  • Query Support through Email

  • Six Months of LMS access

Certificate and Assessment

Participants will receive a certificate of completion at the end of the course on successfully clearing the assessment.

  • Assessment: Duration – 1 hour – 20 MCQs
  • Minimum Pass percentage – 50%
  • Participants will get 3 attempts at the final assessment to complete the certification

Stuti Sood

+91 9999806533


Course Fee: INR 15,000/-
Now at INR 12,000/- plus applicable taxes

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