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US GAAP Course Bundle - 2023 Updated | 25 Courses in 1 | 4 Mock Tests

This US GAAP Certification is a comprehensive training of 25 courses with 35+ hours of video tutorials and Lifetime access. Along with this, you also get verifiable certificates (unique certification number and your unique URL) when you complete each of these courses. You will get complete clarity of US GAAP standards and apply the knowledge.

What you get in this US GAAP Course Bundle - 2023 Updated | 25 Courses in 1 | 4 Mock Tests?

35+ Hours

25 Courses

Mock Tests

Course Completion Certificates

Lifetime Access

Self-paced Courses

Technical Support

Mobile App Access

Case Studies

Download Curriculum

US GAAP Course Bundle – A Synopsis

In this course, we will talk about US GAAP in detail so that you can grasp the knowledge and be competent enough to apply the material in your professional lives.


Courses	This is a 25-course, Projects bundle. Please note that you get access to all the 25 courses, Projects. You do not need to register for each course separately.
Hours	35+ Video Hours
Core Coverage	ASC 105 – GAAP History and Hierarchy, ASC 205 – Presentation of Financial, ASC 225 – Income Statement, ASC 230 – Statement of Cash flow, ASC 323 – Investments – Equity Method and Joint Ventures, ASC 326 – Financial Instruments – Credit Losses, ASC 330 – Inventory, ASC 360 – Property, Plant and Equipment, ASC 405 – Liabilities, ASC 605 – Revenue Recognition, ASC 810 – Consolidation, ASC 958 – Not-for-Profit Entities
Excel Templates Included?	Excel templates that were used are provided as a download
Course Validity	Lifetime Access
Eligibility	Those who want to learn US GAAP accounting can register for this online course. No eligibility as such.
Pre-Requisites	None (Basic accounting knowledge should help)
What do you get?	Certificate of Excellence for each of the 25 courses, Projects
Certification Type	Course Completion Certificates
Verifiable Certificates?	Yes, you get verifiable certificates for each course with a unique link. These link can be included in your resume/Linkedin profile to showcase your enhanced accounting skills
Type of Training	Video Course – Self Paced Learning

US GAAP Course Bundle Curriculum

Before we talk about the target audience, prerequisites, FAQs, and course reviews, let’s have a look at the US GAAP training curriculum –

MODULE 1: US GAAP - Changes and Updates

Courses	No. of Hours	Certificates
US GAAP 2023: ASC 105 - GAAP History And Hierarchy	1h 21m	✔
US GAAP 2023: ASC 205 - Presentation of Financial Statements	50m	✔
US GAAP 2023: ASC 215 and 225 - Shareholder Equity and Income Statement	27m	✔
US GAAP 2023: ASC 230 - Statement of Cash Flow	39m	✔
US GAAP 2023: ASC 260 and 305 - EPS and Cash Equivalents	53m	✔
US GAAP 2023: ASC 323 and 326 - Investments and Credit Losses	32m	✔
US GAAP 2023: ASC 330 - Inventory	40m	✔
US GAAP 2023: ASC 360 - Property, Plant, and Equipment	36m	✔
US GAAP 2023: ASC 470 - Debt	21m	✔
US GAAP 2023: ASC 505 - Equity	47m	✔
US GAAP 2023: ASC 605 and 606 - Revenue Recognition	43m	✔
US GAAP 2023: ASC 705 and 740 - Cost of Sales and Income Taxes	31m	✔
US GAAP 2023: ASC 810 - Consolidation	47m	✔

MODULE 2: Understanding US GAAP Financial Statements

Courses	No. of Hours	Certificates
ASC 105 - GAAP History and Hierarchy (US GAAP)	25m	✔
ASC 205 - Presentation of Financial Statements (US GAAP)	2h 17m	✔
ASC 225 - Income Statement (US GAAP)	55m	✔
ASC 230 - Statement of Cash flow (US GAAP)	3h 27m	✔
ASC 323 - Investments - Equity Method and Joint Ventures (US GAAP)	1h 9m	✔
ASC 326 - Financial Instruments - Credit Losses (US GAAP)	1h 15m	✔
ASC 330 - Inventory (US GAAP)	1h 3m	✔
ASC 360 - Property, Plant and Equipment (US GAAP)	3h 3m	✔
ASC 405 - Liabilities (US GAAP)	1h 24m	✔
ASC 605 - Revenue Recognition (US GAAP)	2h 27m	✔
ASC 810 - Consolidation (US GAAP)	3h 34m	✔
ASC 958 - Not-for-Profit Entities (US GAAP)	2h 24m	✔

MODULE 3: Mock Tests & Quizzes

Courses No. of Hours Certificates Details

Test - US GAAP Assessment Test
Test - US GAAP Mock Test
Test - US GAAP Complete Exam
Test - US GAAP Ultimate Exam

Goals

The purpose of the training is to impart relevant knowledge to the learners regarding U.S. GAAP accounting standards and to guide them about their implementation. The U.S. GAAP is far most the most widely used accounting standards and thus, their understanding is very important for a person from the accounting and financial reporting domain.

Objectives

The training is divided into tutorials, each tutorial dealing with different accounting standards. Learners will understand the concepts and text present in the standards, along with their practical applicability. At the end of the course, learners will become self-sufficient to apply and interpret the standards on their own.

Course Highlights

The accounting standards that are covered in the training are as follows.

At the first step we will discuss ASC 105 which deals with GAAP history and hierarchy. In this section, you will get to know about the basics of US GAAP as well as its objectives apart from financial accounting standards and its board (known as FASB).

Learners will introduce themselves to ASC 205 which deals with the presentation of financial statements. We will learn about comparative and primary financial statements and financial statements in case of discontinuance, liquidation and going concerned.

ASC 210 will be our next subject area, which deals with the balance sheet. We will learn its applicability with the help of an example.

Next, we will discuss ASC 215 and 225 which relates to shareholder equity and income statement respectively.

Our next subject area will be ASC 230 relating to the cash flow statement, where we will discuss methods for its preparation along with examples.

We will then focus our energies on ASC 260 and 305 which deal with earnings per share (EPS) and cash equivalents respectively. We will understand the simple capital structure, weighted average structure and complex capital structure, in addition to the classification of cash equivalents with the use of examples.

The tutorial will then cover ASC 310 relating to receivables. Here we will learn about receivables, their discounting, write off and other related concepts.

The session will be conducted to discuss ASC 323 and 326 dealing with investments and credit losses in financial instruments respectively.

ASC 330 which is concerned with inventory will also be discussed. We will learn about inventory valuation and its accounting using examples.

The concept of intangibles is dealt with ASC 350, which will be explained with the help of examples.

Learners will also develop an understanding of ASC 360 relating to property, plant, and equipment (abbreviated as PPE). Here you will get to know about basics, depreciation methods and accounting on disposal.

We will then focus on ASC 405 and 430 which deals with liabilities and deferred revenue respectively.

Training will be imparted on ASC 470 which is concerned with debt.

Our next target is ASC 505 dealing with equity. We will discuss equity and treasure stock, cost and par method for treasury stock, stock dividend and stock splits.

Another important ASC is 605 which is related to revenue recognition and its criterion.

In the next phase, we will learn about ASC 705 and 740 which deals with the cost of sales and income taxes respectively.

ASC 810 which deals with consolidation will also be discussed.

In the last section, we will learn about ASC 958 which is concerned with not-for-profit entities and accounting that is applicable for them.

At the end of the course, learners will be well aware of the application of various accounting standards as per US GAAP.

Certificate of Completion

Industry Growth Trend

The wealth management platform market was valued at USD 1.52 Billion in 2016 and is projected to reach USD 3.20 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period.
[Source - MarketsandMarkets]

Average Salary

Average Salary$54,185 per year

The average salary for an Accountant is $54,185 per year in the United States.
[Source - Indeed]

Pre-requisites

Willingness to do the course: Not everyone would be interested to pursue US GAAP certification training. But until you’re interested, you shouldn’t do this course, because otherwise, you wouldn’t be able to extract the best value out of the course.
Basic knowledge of accounting: You need to know the fundamentals of accounting. Without basic accounting knowledge, this course wouldn’t have much value.

Target Audience

Accountants: People who perform as an accountant should do this US GAAP certification course. Because this course wouldn’t only add value to their professional careers, it will also make them aware of how the US GAAP works.
The students of accounting: This course would be equally valuable to the students of accounting since it’s teaching the US GAAP.

FAQ – General Questions

Why should I do this US GAAP certification course?

You shouldn’t if you’re not interested in the US GAAP. But if you’re interested to know more about the US GAAP, this course will change your life.

How will this US GAAP certification course add value to my career?

Ask any accountant who did this course and you would get your answer. This course teaches you the nitty-gritty of the US GAAP and if you do this course, you would master the US GAAP.

I don’t have an accounting background, can I do this US GAAP certification course?

Yes. You should have a fundamental knowledge to do this US GAAP certification course.

Sample Preview

Course Testimonials

Comprehensive Course!

This US GAAP certification course says about the GAAP, its history, the years how it has started and the principles that guide us on the preparation and presentation of financial statements.
The way fab codification was narrated is good that helps you in reading financial statements say balance sheet.
Overall, the course was satisfactory.