What does the GAAP course cover?
GAAP is covered here in 12 modules: Introduction to GAAP: History and development of GAAP, Overview of GAAP and its importance, Financial Statement Preparation: Notes to the financial statements, Asset Accounting: Cash and cash equivalents, Accounts receivable and bad debt expense and 9 more.
How do you approach GAAP step by step?
The work is sequenced in 12 stages. It starts with Introduction to GAAP: History and development of GAAP, Overview of GAAP and its importance, moves through Financial Statement Preparation: Notes to the financial statements and asset Accounting: Cash and cash equivalents, Accounts receivable and bad debt expense, and ends at Final Project and Course Wrap-Up: Course wrap-up: review of key concepts and.
What is in Module 1 of the GAAP course?
Module 1 is Introduction to GAAP: History and development of GAAP, Overview of GAAP and its importance. It works through Overview of GAAP and its importance, History and development of GAAP, key principles and assumptions of GAAP and 1 more. It sets the vocabulary the remaining 11 modules build on.
How is the GAAP course delivered?
The GAAP course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the GAAP course cost?
The GAAP course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
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More answers: what you get with every course, refund policy, all help answers.
Mastering GAAP: A Step-by-Step Guide to Ensuring Compliance and Minimizing Risk
This comprehensive course is designed to provide participants with a thorough understanding of Generally Accepted Accounting Principles (GAAP) and its application in financial reporting. Participants will learn how to ensure compliance with GAAP and minimize risk in financial reporting. Upon completion of this course, participants will receive a certificate issued by The Art of Service.Course Features
- Interactive and engaging content
- Comprehensive and personalized learning experience
- Up-to-date and practical information
- Real-world applications and case studies
- High-quality content developed by expert instructors
- Certificate of Completion issued by The Art of Service
- Flexible learning schedule and user-friendly platform
- Mobile-accessible and community-driven
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access
- Gamification and progress tracking
Course Outline
Module 1. Introduction to GAAP: History and development of GAAP, Overview of GAAP and its importance
- Overview of GAAP and its importance
- History and development of GAAP
- Key principles and assumptions of GAAP
- GAAP vs. IFRS: differences and similarities
Module 2. Financial Statement Preparation: Notes to the financial statements
- Balance sheet: classification and reporting
- Income statement: classification and reporting
- Cash flow statement: classification and reporting
- Notes to the financial statements
Module 3. Asset Accounting: Cash and cash equivalents, Accounts receivable and bad debt expense
- Cash and cash equivalents
- Accounts receivable and bad debt expense
- Inventory: costing methods and reporting
- Property, plant, and equipment: depreciation and reporting
- Intangible assets: amortization and reporting
Module 4. Liability and Equity Accounting: Notes payable and debt financing
- Accounts payable and accrued expenses
- Notes payable and debt financing
- Leases: classification and reporting
- Equity: common stock, preferred stock, and dividends
Module 5. Revenue and Expense Recognition: Accounting for income taxes
- Revenue recognition: principles and methods
- Expense recognition: principles and methods
- Matching principle and materiality
- Accounting for income taxes
Module 6. Accounting for Leases and Pensions: Other post-retirement benefits
- Lease classification and reporting
- Pension accounting: defined benefit and defined contribution plans
- Other post-retirement benefits
Module 7. Accounting for Income Taxes and Investments: Equity method and consolidation
- Accounting for income taxes: deferred taxes and tax credits
- Investments: classification and reporting
- Equity method and consolidation
Module 8. Advanced Accounting Topics: Accounting for business combinations
- Accounting for business combinations
- Accounting for foreign currency transactions
- Accounting for derivatives and hedging
Module 9. Financial Statement Analysis: Trend analysis and industry comparison
- Ratio analysis: liquidity, profitability, and solvency
- Trend analysis and industry comparison
- Financial statement forecasting and budgeting
Module 10. GAAP Compliance and Risk Management: Internal controls and auditing
- GAAP compliance: risk and consequences of non-compliance
- Risk management: identification and mitigation of financial reporting risks
- Internal controls and auditing
Module 11. Case Studies and Group Discussions: Group discussions: GAAP compliance and risk management
- Real-world case studies: application of GAAP principles
- Group discussions: GAAP compliance and risk management
Module 12. Final Project and Course Wrap-Up: Course wrap-up: review of key concepts and takeaways
- Final project: comprehensive financial statement preparation and analysis
- Course wrap-up: review of key concepts and takeaways