Generally Accepted Accounting Principles GAAP
Generally Accepted Accounting Principles GAAP
OBJECTIVES
- Explain and interpret Generally Accepted Accounting Principles.
- Interpret accounting treatment for assets, liabilities, and owners’ equity transactions.
- Apply Accounting Principles in developing financial statements.
- Analyze specialized accounting transactions.
- Use practical guidance to prepare Financial Statements in accordance with GAAP.
WHO SHOULD ATTEND?
Accountants, accounting supervisors, accounting managers and junior accounting staff who want to upgrade their accounting skills with the newest Generally Accepted Accounting Principles.
COURSE OUTLINE
Introduction to GAAP Balance Sheet
Statements of Income and Comprehensive Income
Statement of Cash Flow
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Assets
- Cash, Receivables and Prepaid Expenses
- Short-Term Investments and Financial Instruments
- Inventory
- Long-Lived Assets
- Investments
Liabilities and Equities
- Current Liabilities and Contingencies
- Long-Term Debt
- Stockholders’ Equity
Revenue Recognition