Course Overview
1h 24m | 14 Videos | 63135 Views | 
Intermediate| English[Auto-generated] ASC 405 Liabilities (US GAAP):
Generally Accepted Accounting Principles, also called GAAP or US GAAP, are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission (SEC). They are used by most US public and private corporations and also by their international affiliates.
Through this training we are focusing on ASC 405 wherein we shall learn the specifics of liabilities with their extinguishments, arrangements and disclosures. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.
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The training includes the following:
- Introduction
- Extinguishment of Liabilities
- Derecognition
- Application of Liability Extinguishment
- Insurance related Assessments
- Joint & Several liability arrangements
- Recognition of Breakage for certain prepaid stored value products
- Disclosures
Target Customers:
- Students
- Professionals (majorly Accountants, Auditors, Accounting Consultants, and Chartered Financial Analysts etc.) who want to excel in global organizations by learning about global standards that ply in their working.
- Anyone who wants to learn about accounting standards and improve the knowledge about the working of organizations on a global level.
- Anyone wanting to learn about US GAAP
Pre-Requisites:
- Passion to learn
- Interest in finance and accounting
- Basic knowledge of accounting terms and concepts
