US GAAP - introduction

Despite having a great deal of common purpose and common concepts, the accounting principles in Europe and the US can lead to markedly different financial statements.

Those dealing with US parent or subsidiary organisations who require an understanding of the key differences between US and UK GAAP.

• An overview of the workings of US GAAP.
• An understanding of the significant differences between accounting principles followed in the US and in the UK.
• An outline of the US regulatory background, together with specific matters affecting the balance sheet, the income statement and key disclosures.

The speaker will be drawn from a pool of qualified professionals who specialise in this subject. Having worked for leading organisations they will relate the course content to real life case studies.

• The US regulatory environment.
• The format and contents of financial statements under US GAAP.
• Commonly encountered balance sheet issues.
• Commonly encountered income statement issues.
• Disclosure issues.
• The' roadmap' for convergence between IFRS and US GAAP.

The course starts at 9.30am, with registration and coffee from 9.00am, and ends at 4.30pm. Lunch and refreshments are provided.

5.5 CPD hours (where applicable)

More complex standards are covered in US GAAP - advanced.

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If you have any queries please email or phone us on +44 (0)845 026 4722.

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