An ACCA Professional Courses event
This course examines the main content and practical problems of US GAAP, using annual reports of US corporations as illustrations. Comparisons with UK GAAP and IFRS will also be discussed.
- explanation of the main US rules on presentation of financial statements, assets (eg PPE, intangibles, leases and impairment) and liabilities (eg provisions, pensions and deferred tax)
- examination of real financial statements to solve practical problems
- summaries of key differences between US, UK and IFRS GAAPs.
WHAT WILL I GET OUT OF IT?
- knowledge of the main US rules on presentation of financial statements, assets and liabilities
- a practical understanding of US accounting, based on real financial statements
- the ability to identify and solve practical problems of applying US GAAP
- better ability to communicate with US colleagues
WHO SHOULD ATTEND?
Accountants working in UK subsidiaries of US corporations, those working in UK or other groups which have US subsidiaries, accountants working for UK groups with a US listing and auditors of any of these companies.