Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

LinkedIn Learning

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

via LinkedIn Learning

Go to class Write review
Coursera Ad

Get Coursera Plus for 40% off

Learn More → Udacity Ad

Master AI & Data—50% Off Udacity (Code CC50)

Learn More →

Overview

Coursera Flash Sale
40% Off Coursera Plus for 3 Months!
Grab it
Learn about the US GAAP, including the revenue recognition principle, and how it's foundational to the study of accounting as well as working as an accountant.

Syllabus

Introduction
  • Intro to this course
1. What Is US GAAP?
  • FASB Accounting Standards Codification
  • FASB vs. IASB and other standard-setting bodies
  • Why is understanding the US GAAP important?
2. The FASB Conceptual Framework
  • Objectives of financial reporting
  • Qualitative characteristics of useful accounting information
  • Elements of financial statements
  • Recognizing and measuring financial statement elements
  • Initial and subsequent measurement techniques
3. Common Accounting Principles and Assumptions
  • Overview of the basics
  • The accrual principle
  • The revenue recognition principle
  • The matching principle
  • A look at the US GAAP applied
Conclusion
  • A glimpse into FASB
  • The next steps of understanding the GAAP

Taught by

Denise Probert

Reviews

4.7 rating at LinkedIn Learning based on 3652 ratings

Start your review of Accounting Foundations: Understanding the GAAP (Generally Accepted Accounting Principles)

Go to class

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free
Someone learning on their laptop while sitting on the floor.