Financial Reporting in the USA - US GAAP Explained

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COURSE OBJECTIVES: This course will highlight the requirements of US GAAP. It sets US accounting in its international context and then focuses on the major institutions which make accounting and auditing rules in the USA. Following a consideration of the structure and presentation of US financial statements, the course will examine the technical detail of US financial reporting.


The main areas of difference in profit measurement and asset valuation between the USA, IFRS and UK will be outlined and the course will consider the likely changes in US accounting in the future.


COURSE CONTENT


  • Causes and scale of transatlantic accounting differences
  • Sources of US GAAP - the FASB, SEC and AICPA
  • Differences in accounting terminology and presentation
  • Major areas of technical difference including revenue recognition, consolidation, leasing, pensions, deferred tax, inventory valuation, improvement, financial instruments etc.

WHO SHOULD ATTEND


Accountants or auditors of UK or other European groups with US subsidiaries, or of UK subsidiaries of US groups.


"The delivery was fantastic and held my attention for the whole day."


Would you like this course run in-house? Call us on 0207 566 8207 to find out more


Chris Nobes is Professor of Accounting at Royal Holloway, University of London. Previously he has taught in the Universities of Reading, Exeter and Strathclyde. He has held temporary posts at universities in San Diego, New York, Sydney, Hobart and Auckland. He has been a visiting professor at the Universities of Venice, Nyenrode (Netherlands) and Pompeu Fabra (Barcelona), and is now a visiting professor at the Norwegian School of Management. He is author or co-author of fourteen books, including The Economics of Taxation (latest edition, 2007), An International Introduction to Financial Accounting (2007), Comparative International Accounting (2008), Pocket Accounting (fourth edition, 2001), International Guide to Interpreting Company Accounts (second edition, 1999), and The Convergence Handbook (2000). He was a member of the Accounting Standards Committee of the UK and Ireland from 1987 to 1990, and one of the two UK representatives on the Board of the International Accounting Standards Committee

Fees (ex VAT)


Member Fee
£315.00

Non Member Fee £575.00

Locations & Dates
21/06/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
28/11/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>