USGAAP Update

Course objectives

This course is designed for accountants and auditors who primarily work with companies or clients that report under UKGAAP (or other ‘local’ GAAPs), with this also being the reporting framework they studied for their exams and are most familiar with. The course will typically provide a summary of the key developments in USGAAP over the previous 12 months or so and will look at the implementation dates for changes and whether concessions exist for private (non-SEC registered entities).

Typical content

• All key Accounting Standard Updates issued by FASB and other similar organisations with the focus being on those that are likely to be of the widest significance
• Practical guidance and commentary on issues arising from recently issued Accounting Standard Updates – for example, revenue recognition
• Commentary and guidance from regulatory bodies such as the PCAOB
• Summary of all remaining key differences between USGAAP and IFRS and / or UKGAAP depending which is most relevant and useful to attendees

Typical practical work and case studies

• Introductory refresher quiz to raise some key points and to test your current knowledge
• Practical examples and illustrations based on most recently issued important ASUs
• Case study example accounts to review for illustrations of good and poor practise

Duration and guideline fee

6 hour course – £1,700

Recommended maximum group size – 30