Income Statement (US GAAP)

Generally Accepted Accounting Principles, also called GAAP or US GAAP, are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission (SEC). They are used by most US public and private corporations and also by their international affiliates.

This provides a detailed overview of US GAAP evolution, key definitions, FASB codification, SEC Guidance and Implementing the Codification. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding. Through this training we are focusing on ASC 225 wherein we shall learn the specifics of Income Statement and various irregular occurring items and various changes introduced with examples.

Target Customers:

• Students
• Professionals (majorly Accountants, Auditors, Accounting Consultants, and Chartered Financial Analysts etc.) who want to excel in global organizations by learning about global standards that ply in their working.
• Anyone who wants to learn about accounting standards and improve the knowledge about the working of organizations on a global level.
• Anyone wanting to learn about US GAAP

The training includes the following:

• Introduction
• Income Statement
• Unusual or infrequently occurring items
• Changes introduced
• Examples