U.S. GAAP Update Training Course – 2024 Edition
Join our two-day US GAAP update training course in New York City, USA. As you’re aware, U.S. Generally Accepted Accounting Principles (US GAAP) undergoes constant evolution. New or revised accounting standards, Discussion Papers (DP), Exposure Drafts (ED), research projects, amendments, technical clarifications, and new disclosure requirements ( e.g. ESG/Sustainability reporting) are issued regularly by the FASB.
This presents a dynamic challenge for organizations and individuals who are users and preparers of financial statements under US GAAP. Staying fully updated and grasping the comprehensive understanding of the issues faced by entities, concerns raised by regulators, and best practices worldwide can be difficult.
Entities must promptly update their accounting policies, processes, and systems to address this challenge. Hence, we’ve crafted this US GAAP update program to keep you informed about all the latest developments that may affect your upcoming annual report.
Key Learning Features:
- Comprehensive coverage of newly issued accounting standards
- ESG/Climate Related disclosure requirements
- Discussion of comments and concerns raised by the SEC
- Exploration of discussion papers and exposure drafts issued by the FASB
- Analysis of EITF updates and their impact on current practices
- Review of annual improvement projects and changes affecting upcoming annual reports
- In-depth examination of key matters under discussion at the FASB
- Updates on research projects undertaken by the FASB and their status
- Insights into issues raised by industry bodies and their impact on upcoming annual reports
- Overview of the FASB’s project timeline and what to expect in the next 12 months
- Discussion on recent accounting scandals and their potential impact on annual reports
- Exploration of key differences between US GAAP and IFRS
- Provision of fully updated FASB materials for reference
Our course includes numerous examples and group case studies to facilitate your understanding and application of the concepts. You’ll also receive handouts and other useful materials to supplement your learning and reference. By the end of our US GAAP update program, you’ll possess a comprehensive understanding of all the latest developments in US GAAP.
You’ll be able to apply them to your practices, ensuring compliance with the latest standards. Additionally, you’ll be equipped with the knowledge to make informed decisions about your financial reporting and provide accurate and meaningful information to your stakeholders.
US GAAP Update Program Schedule
Dubai | San Francisco | Dallas | Chicago | Miami | New York City | London | Singapore | Zurich | Washington DC | Las Vegas | Seattle | Toronto | Online
For more information:
Thank you for your interest in our US GAAP update program! To register or obtain more information about our course, please contact our customer services team.
Our team is available to assist you with any queries you may have about the course, including pricing, schedule, location, and registration process. You can reach our customer services team by phone, email, or online chat.
Instructor Bio
Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance (ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets, Becker CPA etc.)
This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.
Instructor for this course
Shasat Faculty
Our Partners
Our Partners in Learning
Course Description
- Overview of US GAAP Structure
- FASB Pronouncements
- Financial Assets and Liabilities – Update
- Recognition, Classification, and Measurement (ASC 810)
- Recognition & Measurement (Narrow Projects)
- Current Expected Credit Loss Model (ASC 326)
- Simplifying the Transition to the Equity Method of Accounting (ASC 823)
- Contingent Put and Call Options in Debt Instruments (ASU 2016-06)
- Hedge Accounting (proposed standard (ASC 815)
- IBOR Reforms and impact on hedge accounting (ASC 848)
- Effect of Derivative Contract Novatians on Existing Hedge Accounting Relationships (ASU 2016-05)
- Revenue Recognition
- Corrections and Improvements: Revenue from Contracts with Customers (ASC 606)
- Principal versus Agent (ASC 606)
- Revenue Recognition—Contract Modifications of Licenses of Intellectual Property (EITF 19-B)
- Revenue Recognition—Practical Expedient for Private Company Franchisors
- Warrant Modifications: Issuers’ Accounting for Modifications of Equity Classified Freestanding Call Options That are Not in the Scope of Topic 718 or Topic 815 (EITF 19-C)
- Leases
- Updated Leases (ASC 842)
- Implementations and industry specific challenges
- accounting for cloud computing service costs
- Business Combinations and Goodwill Impairment
- Goodwill Impairment (ASC 350)
- Identifiable Intangible Assets and Subsequent Accounting for Goodwill (Broad Project)
- Business Combinations: Clarifying the Definition of a Business (ASC 810)
- Share based payments and Pension Plan
- Employee Share-Based Payment Accounting Improvements (ASC 718)
- Pension Plan Accounting (ASC 715)
- SEC Developments
- Recent pronouncements and technical issues
- SEC Comments letters and agenda/matters in pipeline
- Other Areas
- PCAOB Update
- Exposure Drafts
- EITF Update – Key issues
- FASB Projects in pipeline
- Presentation and Disclosures
- Conceptual Framework
- Research Projects
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2024, Shasat
Why you must attend?
Welcome to our comprehensive 2-day US GAAP update programme! Our course is designed to provide you with a complete update on all the latest developments in the US GAAP, including newly issued accounting standards, comments and concerns raised by the SEC, discussion papers and exposure drafts issued by the FASB, EITF updates and their impact on your current practices, annual improvements projects, and changes affecting your upcoming annual report.
In addition to these updates, our course will also cover key matters under discussion at the FASB, research projects undertaken by the FASB and their status updates, issues raised by industry bodies and their impact on upcoming annual reports, the FASB’s project timeline and what to expect in the next 12 months, recent accounting scandals and how they may impact your annual reports, key differences between US GAAP and IFRS, and a fully up-to-date FASB update material for your reference. Our course includes plenty of examples and group case studies to help you understand the concepts and apply them to your own practices. You will also receive handouts and other useful materials to supplement your learning and reference.
By the end of our US GAAP update programme, you will have a comprehensive understanding of all the latest developments in the US GAAP and be able to apply them to your own practices and ensure compliance with the latest standards. You will also be equipped with the knowledge to make informed decisions about your financial reporting and provide accurate and meaningful information to your stakeholders.
Teaching Methodology
- Comprehensive coverage of US GAAP principles and their application: Understanding the key principles of US GAAP, their practical implications, and how to apply them in financial reporting.
- In-depth exploration of major accounting topics: Covering important accounting topics such as revenue recognition, inventories, business combinations, leases, intangible assets, financial instruments, and non-financial liabilities and contingencies.
- Real-life case studies and examples: Providing practical, real-life examples and case studies to help participants understand and apply US GAAP principles in their daily work.
- Interactive training methods: Engaging participants in interactive training methods such as group discussions, exercises, and problem-solving activities, to deepen their understanding of US GAAP principles.
- Access to US GAAP Codification and other resources: Providing participants with access to US GAAP Codification and other relevant resources to support their learning and help them stay up-to-date with the latest standards.
- Expert trainers with practical experience: Offering expert trainers with practical experience in US GAAP accounting to provide participants with valuable insights and best practices.
- Certificate of completion: Providing a certificate of completion at the end of the course, which can be used for professional development requirements.
Overall, the US GAAP update course will provide participants with a comprehensive understanding of US GAAP principles and their practical applications, as well as the tools and resources needed to stay up-to-date with the latest standards.
Who Should attend?
The US GAAP update course is designed for professionals in accounting, finance, and business who want to deepen their knowledge and understanding of US GAAP. This course is ideal for financial executives, accounting professionals, controllers, auditors, and other professionals who are responsible for preparing, auditing or interpreting financial statements. Additionally, the course is suitable for those who are looking to stay up-to-date with the latest changes and developments in US GAAP. The course will provide a comprehensive overview of US GAAP, as well as practical examples and case studies to help participants apply their learning in real-world scenarios.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
