OUR tRAINING COURSES: GAAP Courses

All of our courses are designed for in-house training. We modify each course to best meet the needs of our clients. We work with you to determine the specific subject matter for each course.

GAAP Overview

This course explains the current requirements for the preparation of US Generally Accepted Accounting Principles (GAAP) financial statements. As the domestic and world economies change and as organizational best practices develop, GAAP principles also evolve. There have been many recent changes which can change the way you should be conducting your day to day accounting operations. Helping you stay on top of these changes is one way FTI Seminars can help.
In addition, our GAAP training includes education about the new requirements for business combinations, consolidations, comprehensive income financial instruments and derivatives. These more complex scenarios demand a strict adherence to established principles. FTI will make sure that you are armed with the knowledge you need to prepare your documents the way you should be, correctly and efficiently.
Beyond change recognition and understanding, our GAAP training program includes a close examination of measurement and recognition requirements, which are explained for all assets, liabilities, revenues and expenses including the increasing use of fair value accounting.

As with all FTI Seminars courses, this course will be customized to meet your company's specific needs based on your knowledge level, industry & unique requirments.

View the GAAP Training Course Outline

Comparison of US GAAP with IFRS

There are many differences between Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Financial and accounting reports can be approached with rules in mind, or with principles in mind. Differences in your approach should be based on a variety of factors. There are numerous books written on the subject. The GAAP Guide is a publication that describes how these priciples are applied in Canada, for example. To uncover the differences in GAAP and IFRS, FTI Seminars has put together this comprehensive training course.
This course explains the specific differences between the IFRS “principles-based” accounting standards and the US GAAP “rules-based” standards by comparing the financial statements of each and the differences in the accounting rules for assets, liabilities, revenue recognition, financial instruments, hedge accounting, fair value accounting and more.

As with all FTI Seminars courses, this course will be customized to meet your company's specific needs based on your knowledge level, industry & unique requirments.

View the GAAP/IFRS Comparison Training Course.

Accounting for Business Combinations with US GAAP

FAS 141R applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008.

The standard is the result of the IFRS-US GAAP Convergence Project. US GAAP and IFRS have made major changes in the accounting for business combinations, the consolidation of financial statements and other significant investments in the shares of other companies (equity method investments).

As with all FTI Seminars courses, this course will be customized to meet your company's specific needs based on your knowledge level, industry & unique requirments.

View the Accounting for Business Combinations with US GAAP Training Course.

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