Can I earn a good salary by doing US GAAP course?

Yes. A professional can earn respectable salary.

Do I need prior accounting knowledge to take this course?

Basic knowledge of accounting principles is recommended but not mandatory. The course typically starts with foundational concepts and builds up to advanced GAAP applications, making it suitable for both beginners and intermediate learners.

Will this course help me get a job or promotion?

Yes. Understanding US GAAP is a key requirement for many roles in multinational companies, Big 4 firms, and U.S.-focused accounting teams.

Certification in US GAAP | Henry Harvin®| Online Course

Module 1: Introduction to US GAAP & Financial Reporting Framework
- What is US GAAP? History & Objectives
- FASB, SEC, PCAOB – Regulatory Bodies
- Difference between US GAAP vs IFRS (High-level)
- Financial Statements under US GAAP
- Overview of Accounting Principles (Revenue, Expense, Matching, Conservatism, etc.)
- The Accounting Cycle
Module 2: FASB Codification & Research
- Structure of the ASC (Accounting Standards Codification)
- Navigating the FASB Codification System
- Performing Technical Research
Module 3: Financial Statements (ASC 205, 210, 225, 230)
- Balance Sheet (ASC 210)
- Income Statement (ASC 225)
- Statement of Cash Flows (ASC 230)
- Statement of Changes in Equity
- Comprehensive Income
Module 4: Revenue Recognition (ASC 606)
- 5-Step Model Overview
- Contracts with Customers
- Performance Obligations
- Transaction Price & Allocation
- Revenue Recognition Over Time vs Point-in-Time
- Disclosures & Practical Examples
- Industry-Specific Applications
Module 5: Leases (ASC 842)
- Types of Leases: Finance vs Operating
- Lessee and Lessor Accounting
- Lease Classification Tests
- Lease Measurement & Presentation
- Transition from ASC 840 to 842
Module 6: Financial Instruments & Fair Value (ASC 820, 825)
- Fair Value Measurement Hierarchy
- Valuation Techniques
- Disclosures
- Financial Assets & Liabilities (ASC 825)
Module 7: Assets (Tangible & Intangible)
- Inventory (ASC 330): Costing, LCM, Impairment
- PPE (ASC 360): Depreciation, Impairment, Disposals
- Intangibles (ASC 350): Goodwill, Other Intangible Assets
- R&D Costs (ASC 730)
- Impairment Testing (ASC 350, 360)
Module 8: Liabilities & Equity (ASC 405, 480, 815)
- Accounts Payable & Accrued Expenses
- Contingent Liabilities (ASC 450)
- Debt vs Equity Classification
- Derivatives & Hedging (ASC 815)
Module 9: Income Taxes (ASC 740)
- Current vs Deferred Tax
- Temporary vs Permanent Differences
- Valuation Allowance
- Uncertain Tax Positions
Module 10: Consolidations & Business Combinations (ASC 805, 810)
- Consolidation Requirements (Control Test)
- Acquisition Method
- Goodwill Measurement
- Non-controlling Interest
- Pushdown Accounting
Module 11: Share-Based Payments (ASC 718)
- Types: Options, RSUs, SARs
- Measurement & Recognition
- Expense Allocation
- Modifications & Forfeitures
Module 12: Statement Disclosures & SEC Reporting
- MD&A Requirements
- 10-K vs 10-Q Filings
- XBRL Filing Basics
- Segment Reporting (ASC 280)
- Subsequent Events (ASC 855)