The complexity of U.S. GAAP continues to present challenges for the CPA. Constant changes to existing standards present major challenges and often result in more confusion than clarity. This program is specifically tailored to the CPA and covers the ins and outs of troublesome areas in existing U.S. GAAP, including income taxes, other comprehensive income, cash flows, fair value, impairments, and other common issues encountered by CPAs, with emphasis on U.S. GAAP alternatives promulgated by the Private Company Council. The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar.
Course ID: GAAPC
GAAP for the CPA
- Participants will be able to:
- Explain the accounting for specific U.S. GAAP requirements
- Apply troublesome pronouncements
- Income taxes
- Other comprehensive income
- Cash flows
- Fair value accounting
- Variable interest entities
- Interest rate swaps
- U.S. GAAP alternatives for privately held companies
- New revenue recognition guidance, lease accounting, and financial instruments standards
DESIGNED FORCPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues facing the CPA.
FIELD OF STUDY