CPA FAR US GAAP ASC 855: Subsequent Events Accounting

🌟 US GAAP ASC 855 Subsequent Events Guidance 🌟

Course Overview:

US GAAP ASC 855: Subsequent Events is your gateway to mastering the nuances of financial reporting under US Generally Accepted Accounting Principles (GAAP). This comprehensive course is tailored for accounting and financial professionals who wish to deepen their knowledge and expertise in subsequent events under US GAAP. Through this targeted educational journey, you'll unravel the complexities surrounding subsequent events, from understanding their types and criteria for financial statement issuance to grasping the essential disclosure requirements.

What You’ll Learn:

• Master the Concept of Subsequent Events 🧠 - Gain a clear grasp of what constitutes a subsequent event under US GAAP.
• Differentiate Between Types of Subsequent Events 🔍 - Learn how to identify and categorize different types of subsequent events and their significance in financial reporting.
• Understand Criteria for Financial Statements Being Issued/Available to Issue 📄 - Discover the specific criterions that determine whether a financial statement is considered issued or available to issue.
• Comprehend Disclosure Requirements for Subsequent Events 🗣️ - Get to know the detailed disclosures necessary when accounting for subsequent events.

Explore Topics:

• US GAAP - The authoritative principles that govern financial reporting in the United States.
• Accounting - The processes and calculations required for accurate financial record-keeping.
• Financial Reporting - The presentation of financial information to stakeholders following US GAAP standards.

Course Content Breakdown:

Video 1: Overview of Subsequent Events under US GAAP

• Introduction to Subsequent Events
• Identifying Subsequent Events
• Types of Subsequent Events

Video 2: Understanding Subsequent Events

• In-depth Exploration of Subsequent Events
• Detailed Discussion on Types of Subsequent Events

Video 3: Financial Statements: Issued vs. Available to Issue

• Criteria for Financial Statements Considered Issued
• Criteria for Financial Statements Considered Available to Issue
• Specific Considerations for Public Entities

Video 4: Examples of Subsequent Events

• Practical Examples to Illustrate Subsequent Events

Video 5: Disclosures for Subsequent Events

• Comprehensive Disclosure Requirements for Subsequent Events

Video 6: Practice Questions on Subsequent Events

• Test Your Knowledge with Practice Questions

Enrol in this course to ensure a firm grasp of ASC 855, preparing you for real-world accounting and financial reporting scenarios. This is the perfect opportunity to enhance your professional expertise and navigate the intricacies of subsequent events under US GAAP with confidence. Don't miss out - enroll today and take strides towards becoming an accounting expert!