us gaap generally accepted accounting principles

US GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PLUS
US GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROFESSIONAL

US GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PLUS

INR 12,000 plus taxes for Indian participantsĮY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over.All participants who meet the above criteria would be awarded a certificate of completion.Participants need to achieve a minimum score of 50% to pass the exam.MBA finance professionals working in accounting domainĮY will award ‘Certificate of Completion’ to participants at the end of the program.Finance managers, financial controllers, accountants.

US GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROFESSIONAL

Professional accountants, company secretaries, management accountants, and other finance professionals.

The program embeds an inclusive discussion on recognition, measurement, presentation and disclosure requirements for different ASCs and ASUs. The program aims to provide understanding on the US GAAP through the EY experience, while focusing on practical challenges faced by industry and professionals in the application of these standards. In this program, EY professionals and senior industry experts will share perspective on the US GAAP including Accounting Standards Codification (ASC) ASC 606 – Revenue from Contract with Customers, ASC 842 - Leases, ASC 326 – Impairment of Financial Assets, ASC 860 – Transfer and Servicing Assets and Liabilities, ASC 805 - Business Combinations and Accounting Standard Updates (ASUs).

Practice your financial storytelling in a way that weaves together GAAP and non-GAAP metrics to better describe the health of your organization.US-based companies are required to follow the US Generally Accepted Accounting Principles (US GAAP) issued by the Financial Accounting Standards Board (FASB).Ensure you have the latest financial information ready off the shelf in case a potential investor or current one asks for something ad hoc.Build a sense of confidence among potential investors by showing that your org has a stable foundation for operations.Keep you prepared for a financial audit at all times, so the process is minimally disruptive to your business.Create stronger alignment with board members and investors who may not specialize solely in the SaaS space.Getting in the rhythm of GAAP reporting can help you:

The common language of GAAP financials is valuable for private companies as well, even if they aren’t legally required to report them. The same way finance needs to find a common language with department leads to plan properly, accounting needs to adhere to GAAP standards so regulators, investors, and board members can understand financial performance relative to other organizations. The other side of GAAP’s importance in SaaS lies in its ability to create a common financial language for all stakeholders in and outside of your organization. That’s the simple answer to why any SaaS accounting team should care about GAAP, but it’s not the only one. If you’re a publicly-traded company, you are legally required to submit GAAP-compliant financial statements to the SEC on a quarterly basis. GAAP’s importance in SaaS, first and foremost, is a matter of compliance.

Us gaap generally accepted accounting principles