Top 6 US GAAP Certification and Online Courses in 2022

Possessing knowledge of US GAAP is essentially important for financial accountants, business stakeholders, and investors to make sure that financial reporting is consistent and transparent from one organization to another. Moreover, it helps in standardizing and regulating the definitions, assumptions, and techniques used in accounting across all industries.

For people in the finance sector, it is of course beneficial to possess some certifications related to accounting and its principles to validate your knowledge and skills on professional platforms. So, if you also wish to become efficient in applying US GAAP, then you are at the right place, just stick to the blog till the end and you’ll find the Top 6 US GAAP Certification and Online Courses in 2022. Let’s begin our discussion with knowing the required skills of interested candidates.

Recommended skills

To begin with, let’s discuss the basic skills recommended for a US GAAP professional-

• Problem-solving abiity
• Writing and oral communication skills
• Detail-orientation
• Understanding of accounting principles
• Critrical thinking
• Mathematical reasoning

Top 6 US GAAP Certification and Online Courses in 2022

As there are several online platforms to offer numerous courses on US GAAP, so, choosing a certification course that suits you best is not an easy task. Therefore, here we are to help you out by discussing the Top 6 US GAAP Certification and Online Courses in 2022 that would give you an idea about which course you should go for. So, without any further waste of time let’s look at what we are here for. So, without any further waste of time let’s directly look at what we are here for-

1. Certified US GAAP Professional by Vskills

This certification course is meant both for working professionals as well as graduates who wish to enhance their knowledge of US GAAP. This government certificate will help differentiate you in today’s competitive job environment and would also broaden your employment opportunities by validating your advanced skills, thus, resulting in higher earning potential.

Course Details

• Learning access- Lifelong
• Validity of certificate- Lifetime
• Learning hours- 12 hrs
• Fees- Rs 3,499 /-

Course Outline

• Financial Standards
• ASC 105 – GAAP History and Hierarchy
• ASC 205 – Presentation of Financial Statements
• ASC 210 – Balance Sheet
• ASC 225 – Income Statement
• ASC 230 – Statement of Cash flow
• ASC 323 – Investments – Equity Method and Joint Ventures
• ASC 326 – Financial Instruments – Credit Losses
• ASC 330 – Inventory
• ASC 360 – Property, Plant and Equipment
• ASC 405 – Liabilities
• ASC 605 – Revenue Recognition
• ASC 810 – Consolidation
• ASC 958 – Not-for-Profit Entities

Apply for the course

2. Fundamentals of US GAAP Accounting by Udemy

This US GAAP accounting course is the initial level of accounting principles, designed in a way to help you understand the significant concepts of US GAAP. Moreover, it’ll help you do well in the corporate sector and will help you understand the basic concepts and apply them in real-life to solve problems or prepare something concrete.

Course Details

• Full-lifetime access
• Certification validity- Lifetime
• Fees- Rs 525
• Learning hours- 4 hrs

Course Contents

• Introduction
• Financial Accounting
• Financial statements
• Items in income statements
• Accounting disclosures
• Cash and investments
• Receivables
• Inventory accounting
• Accounting of assets-Property plant and equipment
• Intangibles accounting
• Non-current liabilities
• Derivative accounting
• Employee benefit accounting
• Accounting for equities
• Lease accounting and cash flow accounting

Apply for the course

3. Certificate in US GAAP by EY

The course aims to help you understand the US GAAP using the EY experience while emphasizing practical challenges that are faced by industry and professionals while applying these standards. Thus, this program embeds an inclusive discussion on recognition, presentation, measurement, and disclosure needs for different ASCs and ASUs.

Course Details

• Presentaions and assessment included
• Duration- 60+ hrs
• Certificate of completion

Course Outline

• Introduction to US GAAP
• General Purpose Financial Statements
• ASC 230
• ASC 250
• ASC 740
• ASC 360
• ASC 350
• ASC 330
• ASC 830
• ASC 805
• ASC 810
• ASC 320
• ASC 321
• ASC 326
• ASC 815
• ASC 860
• ASC 260
• ASC 280
• ASC 718
• ASC 820
• ASC 606
• ASC 842

Apply for this course

4. US GAAP introduction by ACCA Global

This course gives you an insight into US GAAP and helps you understand the decisions that are taken by reporting frameworks like IFRS. Holistically, it gives you an overview of US GAAP by examining its needs and accounting treatments. Thus, it is a good course to attain brief knowledge of these accounting principles. Moreover, go through the following details before enrolling in the program.

Course Details

• Duration-1hr
• 12 months’ access
• Type- Online

Course Outcomes

• the Key Attributes of US GAAP
• the format of the financial statements
• an initial understanding of key accounting areas impacting on financial position
• an initial understanding of key accounting areas impacting on financial performance.

Apply for this course

5. US GAAP Course by Educba

This course talks about US GAAP in detail in order to help you grasp the skills and be competent enough to apply these principles in real-life scenarios. Here, you’ll get to know about the history of GAAP, financial statements, balance sheets, and all about the accounting standards. Besides, following are some other important details and the course outline that you should keep in mind before applying for the program.

Course Details

• Prerequisites-Basic accounting knowledge
• Content- 36+ Video Hours
• Certificate of completion
• Software required- Excel

Topics covered

• US GAAP 2020: ASC 105 – GAAP History and Hierarchy
• US GAAP 2020: ASC 205 – Presentation of Financial Statements
• US GAAP 2020: ASC 210 – Balance Sheet
• US GAAP 2020: ASC 215 and 225 – Shareholder Equity and Income Statement
• US GAAP 2020: ASC 230 – Statement of Cash Flow
• US GAAP 2020: ASC 260 and 305 – EPS and Cash Equivalents
• US GAAP 2020: ASC 310 – Receivables
• US GAAP 2020: ASC 323 and 326 – Investments and Credit Losses
• US GAAP 2020: ASC 330 – Inventory
• US GAAP 2020: ASC 350 – Intangibles – Goodwill and Other
• US GAAP 2020: ASC 360 – Property, Plant, and Equipment
• US GAAP 2020: ASC 405 and 430 – Liabilities and Deferred Revenue
• US GAAP 2020: ASC 470 – Debt
• US GAAP 2020: ASC 505 – Equity
• US GAAP 2020: ASC 605 – Revenue Recognition
• US GAAP 2020: ASC 705 and 740 – Cost of Sales and Income Taxes
• US GAAP 2020: ASC 810 – Consolidation
• ASC 105 – GAAP History and Hierarchy (US GAAP)
• ASC 205 – Presentation of Financial Statements (US GAAP)
• ASC 225 – Income Statement (US GAAP)
• ASC 225 – Income Statement (US GAAP)
• ASC 323 – Investments – Equity Method and Joint Ventures (US GAAP)
• ASC 326 – Financial Instruments – Credit Losses (US GAAP)
• ASC 330 – Inventory (US GAAP)
• ASC 360 – Property, Plant and Equipment (US GAAP)
• ASC 405 – Liabilities (US GAAP)
• ASC 605 – Revenue Recognition (US GAAP)
• ASC 810 – Consolidation (US GAAP)
• ASC 958 – Not-for-Profit Entities (US GAAP)

6. U.S. GAAP Fundamentals for Finance Professionals Certificate by CGMA

This course on U.S. GAAP fundamentals provides you with the core knowledge required to work with organizations involved in the U.S. capital markets. Thus, it’ll help in developing your global financial reporting fluency and set you apart. Moreover, by the end of this program, you will earn a digital badge that’ll demonstrate your new global financial reporting fluency.

Course Details

• Duration-25 hrs
• Format- Online
• Fees- £199.00

Course Modules

• Regulatory Environment for Financial Reporting
• Corporate Governance
• The Accounting Cycle and Objectives of General Purpose Financial Statements
• Overview of Financial Statements – Part I
• Overview of Financial Statements – Part II
• Planning, Budgeting, and Performance Assessments
• Cost Accounting Concepts and Systems
• Internal Control, Ethics, and Fraud
• Key Principles and Financial Statement Presentation
• Cash, Receivables, and Inventory
• Other Assets, Property, Plant and Equipment, and Intangibles
• Liabilities and Leases
• Equity, Earnings Per Share, and Accounting Changes and Error Corrections
• Revenue Recognition
• Income Taxes, Interest, Compensation, and Other Income and Expense

So, it’s time to wrap up the blog with the hope that it’ll help you decide which course suits your requirements the best. So, what are you waiting for? Right away enroll for any of the above courses and boost your knowledge on US GAAP.

HAPPY LEARNING!!