US GAAP - Financial Reporting under US Accounting Requirements- Virtual Classroom

Summary

This course explains US GAAP for accountants in Ireland who work in US groups. It contains practical guidance on understanding the US rules and preparing US accounting reports.

This course will be delivered over two half days via Zoom. 16th June and 17th June 2020, 9:30 - 12:30pm

Venue details:  
Virtual Classroom, , Online
Start date & time:  
16 June 2020 09:30
End date & time:  
17 June 2020 12:30
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
8.00
CPD hours:  
8.00
Speaker details
First nameLast name
Chris Nobes

Description

Product type:  
CPD online course
Category:  
Audit and assurance, Financial reporting

Who Should Attend?

This course is suitable accountants and controllers working in Irish companies with US parents and Accountants and controllers working for groups which have US subsidiaries. It is also suitable for analysts or fund managers who are interested in US annual reports, as well as auditors of companies which have US parents or subsidiaries

Course Overview

This course will follow the Virtual Classroom format and will encompass a full day's worth of learning. A number of online interactive live sessions will take place which will focus on collaborative learning and developing context around the subject matter, building on the self-managed learning. The online interactive live sessions will utilise the functionality of our online learning platform and will be an engaging collaborative manner of learning

  • Scale of differences between US, UK/Irish and IFRS accounting
  • The relationships between accounting, law and tax in the US
  • US institutions: SEC, FASB, AICPA
  • SEC regulations / FASB standards
  • Preliminary study of US annual reports and illustrations
  • Presentation of financial statements, including other comprehensive income
  • Recent US requirements on revenue recognition and lease accounting
  • US GAAP on asset valuation, depreciation and impairment
  • Other important accounting differences, such as: inventory; intangibles; marketable securities; hedge accounting; currency translation; deferred tax; pensions; share-based payments; goodwill; consolidation
  • Summary of important differences between US GAAP and IFRS or UK/Irish GAAP

Key Learning Outcomes

By the end of this course, participants will be able to:
  • Have insight into the preparation of financial statements under US GAAP
  • Adjust accounting numbers from local GAAP to US GAAP, or vice versa
  • Better understand instructions coming from group controllers in the US
  • Consolidate, assess, interpret and audit the financial statements of US subsidiaries
  • Avoid the pitfalls for analysis of US annual reports caused by the large accounting differences
  • Have better relations with US staff

Speaker Bio's

Christopher Nobes, BA, PhD, CA, FCCA,is Professor of Accounting at Royal Holloway (University of London) and at the University of Sydney. He was one of the two UK representatives on the Board of the Committee from 1993 to 2001. He was the Outstanding International Accounting Educator of the American Accounting Association in 2002, and winner of the Distinguished Academic Award of the British Accounting and Finance Association in 2015