This seminar is for persons with a sound knowledge of U.S. GAAP looking for an update of recent developments from the FASB and SEC, an overview of the FASB’s work plan and EITF work in progress, and insights into hot topics and comments raised by the SEC relating to financial statements prepared in accordance with U.S. GAAP. The course will emphasize essential learning points through the use of practical examples and class discussions.

A series of modules designed to give participants an insight into the requirements of U.S. GAAP, including recognition and measurement of key financial statement line items found within assets, liabilities and stockholders’ equity, as well as presentation and disclosure requirements to ensure that financial statements are in accordance with U.S. GAAP. Depending on time and/or cost constraints, we tailor courses by adding case studies and illustrations, usually taken from the annual report, that reflect the accounting issues impacting our clients. We can even add excerpts of accounting policies and/or journal entries to the training, to ensure that key areas of emphasis important to the preparers of the annual report are disseminated to the participants.

Although U.S. GAAP and IFRS have converged in recent years and this convergence is expected to continue, significant differences between the two GAAPs still remain. As such, this course is a must for the international accountant. This two-day workshop is for persons who have an intermediate knowledge of either U.S. GAAP or IFRS and would like to have an overview of the significant differences between the two standards and an understanding of how the convergence project will impact financial reporting in the future.

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