US GAAP: A Guide for Non-US GAAP Users

This course will enable you to

• Compare the accounts of companies reporting under different regulatory regimes
• Understand the rules of US GAAP and how they compare to the principles-based IFRS system
• Recognise the differences in the accounting treatment applied to non-financial assets under US GAAP and IFRS
• Appreciate and general similarity of approach accounting for revenue and expenditure under US GAAP and IFRS
• Familiarise yourself with the appropriate standards for accounting for financial instruments and business combinations

About the course

The USA has the world's largest economy and is home to a range of global corporations. Having an understanding of US GAAP and how it compares to IFRS is a must for financial reporting.

Perhaps you report internationally under IFRS but have operations in the USA that also need a US GAAP report. Maybe you compete with companies reporting under US GAAP and need to know how to answer difficult questions about how your IFRS report compares. You could even be an analyst needing to compare the accounts of different companies with different regimes.

This course will provide you with a detailed overview of US GAAP. You'll discover its underlying principles as well as how it compares to the IFRS framework. You’ll become familiar with the processes and standards needed to account for non-financial assets, revenue, financial instruments, and business combinations under US GAAP.