Course Description

Synopsis:

Navigate the essentials of US financial reporting in this series.

In this module, you’ll gain a clear overview of how US GAAP developed, the role of key standard-setting bodies, and how these standards interact with IFRS. The module also walks you through the core elements of the US regulatory environment, including the Securities Acts and SEC rules, giving you the context to better understand US reporting requirements. 

Particularly useful for finance and accounting professionals in Singapore who work with US-listed companies, multinational groups, or US based counterparts, this module helps bridge cross-border knowledge gaps in financial reporting.

By the end of this module, you'll have a better understanding of:

• the historical evolution of US GAAP and its key milestones.
• the role of the Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB).
• how the FASB Codification organises and presents US accounting standards.
• areas where US GAAP and IFRS converge or differ.
• the main components of the US regulatory framework, including the SEC’s structure and core rules.

Dive deeper into Key Differences Between US GAAP and IFRS: Recognition and Measurement, also led by Thomas Egan. Stay tuned for the next module on US GAAP and IFRS: Presentation and Disclosure. 

Intended For:

• Audit Professionals / PAIP
• Finance Professionals  / PAIB
• Public Sector Finance
• C-suite & Directors 

Competency Mapping: 

• CPE Category 1 = 0.5 CPE Hour 
• CPE Category "Others" = 0.5 CPE Hour