Series: US GAAP
Navigating US GAAP
US GAAP is the accounting framework used to prepare financial statements in the United States. For international companies operating in the U.S., understanding when US GAAP applies and how it differs from other accounting frameworks can be essential for financing, audits, investors, and group reporting.
This video series provides a practical introduction to key US GAAP concepts, from revenue recognition and cost capitalization to leases, stock compensation, deferred taxes, cross-border accounting, and the preparation of US GAAP financial statements.
US GAAP Explained: What It Is and Why It Matters
Learn what US GAAP is, when it may be required, and how it differs from U.S. tax accounting and other frameworks such as IFRS.
Revenue Recognition Under US GAAP
Learn how ASC 606 determines when revenue is recognized and why receiving payment does not always mean revenue has been earned.
When Is a Cost an Expense vs. an Asset?
Understand when costs are expensed or capitalized under US GAAP and how the treatment of R&D, software, equipment, and inventory can differ.
Leases, Stock Compensation & Deferred Taxes Under US GAAP
Explore how leases, stock-based compensation, and deferred taxes are reflected in financial statements under US GAAP.
US GAAP for Cross-Border Companies
Learn how functional currency, foreign exchange, intercompany transactions, and consolidation affect US GAAP reporting for international companies.
From the Books to US GAAP Financial Statements
See how accounting records are transformed into US GAAP financial statements through adjustments, reconciliations, disclosures, and supporting documentation.
Disclaimer - Click to read
The information provided in this video is not, and is not intended to, constitute legal or tax advice; instead, all information, content, and materials contained in this video have been prepared for general informational purposes only. Information contained in this video may not constitute the most up-to-date legal, tax or other information and no representations are made that the content is error-free.
You should contact your CPA or attorney to obtain advice with respect to any particular tax and legal matter. You should not act or refrain from acting on the basis of information contained in this video without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual CPA or attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.
Any liability with respect to actions taken or not taken based on the contents of this video is hereby expressly disclaimed.
