This course provides an overview of several of the key accounting and reporting topics within U.S. GAAP. This includes a discussion of accounting for business combinations, revenue recognition principles, and leasing transactions. This course also addresses topics such as goodwill impairment, segment reporting, how to account for software (both internal-use and for resale) as well as requirements related to accounting changes and error corrections.
Learning Objectives
- Recognize financial statement disclosures related to business combinations
- List the five steps involved in the new revenue recognition model
- Determine whether an arrangement contains a lease
- Identify the recognition requirements related to goodwill
- Identify key characteristics of operating segments
- Distinguish between software that is considered internal-use and not considered internal-use
- Differentiate between the requirements for the different types of accounting changes
- Recognize examples of different types of non-GAAP financial measures
Major Topics
- An overview of key accounting and reporting topics within U.S. GAAP
- A discussion of accounting for business combinations, revenue recognition principles, and leasing transfers
- Goodwill impairment, segment reporting, and how to account for software
- Requirements related to accounting changes and error corrections
