Accounting Foundations: Understanding the GAAP (Generally Accepted Accounting Principles)

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Denise Probert

1:08:37

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[1] Introduction

[1] Intro to this course.mp4

01:12

[2] 1. What Is US GAAP

[1] FASB Accounting Standards Codification.mp4

04:01

[2] FASB vs. IASB and other standard-setting bodies.mp4

06:03

[3] Why is understanding the US GAAP important.mp4

05:06

[3] 2. The FASB Conceptual Framework

[1] Objectives of financial reporting.mp4

06:18

[2] Qualitative characteristics of useful accounting information.mp4

04:23

[3] Elements of financial statements.mp4

05:30

[4] Recognizing and measuring financial statement elements.mp4

03:54

[5] Initial and subsequent measurement techniques.mp4

05:18

[4] 3. Common Accounting Principles and Assumptions

[1] Overview of the basics.mp4

06:17

[2] The accrual principle.mp4

03:48

[3] The revenue recognition principle.mp4

03:53

[4] The matching principle.mp4

03:43

[5] A look at the US GAAP applied.mp4

03:47

[5] Conclusion

[1] A glimpse into FASB.mp4

04:24

[2] The next steps of understanding the GAAP.mp4

01:00

Description

While working in accounting or the broader financial field is often centered around numbers, dollars, and other known quantities, there can often be a lot of questions when you step back from the figures and calculations and ask the “why” of doing what you’re doing. For example, why does the income statement show the amount of net income that it shows? Or, what is the revenue recognition principle? In this course, Denise Probert explores the US GAAP, or General Applied Accounting Principles, the guiding backbone to the work of accounts in the US. Denise shows you the key things to know, where to get additional resources, and how these apply to working as an accountant or CPA.

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Accounting

Denise Probert

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My Why! To help others be successful in achieving their personal and professional goals. My How! Provide leadership, or leadership consulting, to organizations wanting to effect change. Provide learning science expertise to organizations wanting to improve the learning and elearning experiences within their organizations or for their customers. Present to large and small groups on leadership, strategy, education, accounting and finance. Provide effective learning experiences to individuals and groups.

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