US GAAP Training Program (VILT)

Practical insight into US Accounting Standards

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About the course

Navigating the complexities of US GAAP with real-world expertise 

Our comprehensive US GAAP training program offers a global perspective, recognizing the increasing interconnectedness of financial markets and the growing importance of international accounting standards. Our curriculum is designed to meet the needs of professionals operating in today's globalized business environment, ensuring they can navigate complex international accounting scenarios with confidence. While focusing on US GAAP, we provide comparative insights into IFRS, highlighting key differences and similarities. This approach equips participants with a broader understanding of global accounting practices, preparing them for roles in multinational corporations or cross-border financial reporting.

The program provides extensive coverage of the Accounting Standards Codification (ASC), the single source of authoritative US GAAP. We delve into all major ASC topics, from revenue recognition and leases to financial instruments and business combinations. Our training combines theoretical foundations with practical applications, using real-world case studies and examples to illustrate how ASC guidelines are implemented in various industries. Participants will gain a deep understanding of the ASC structure, learn to research and apply relevant standards, and develop the critical thinking skills necessary to address emerging accounting issues within the US GAAP framework.

Why the US GAAP training program ?

  • Theory meets practice in every session, making learning truly insightful and applicable to Finance managers, financial controllers, accountants
  • Sessions will be delivered by industry experts and senior professionals from member firms of EY
  • Detailed coverage of differences between US GAAP and IFRS
  • Understand and explain the structure of the framework of the US GAAP
  • Apply relevant ASCs and ASUs to key elements of financial reporting
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Achieve a practical understanding of the key concepts and complex areas in the fields of reporting and disclosures through illustrations, case studies, examples and assessments covered in the program

Who should attend?

The program is most suited for professionals and students who are working on US GAAP or intend to learn US GAAP, including:

  • Professional accountants, management accountants and other finance professionals
  • Finance managers, financial controllers, accountants
  • MBA finance professionals working in accounting domain
  • Accounting graduates
  • Any student/ professional keen to upskill themselves in the US GAAP domain
Program coverage (Standards covered)

Topic

Details

Introduction to US GAAP

ASC 205 

Presentation of financial statements 

ASC 210 

Balance sheet 

ASC 220 

Income statement and other comprehensive income 

ASC 250 

Accounting Changes and Error Correction 

ASC 260 

EPS (Earnings per share) 

ASC 280 

Segment reporting 

ASC 310 

Receivables

ASC 320 

Investment-Debt Securities 

ASC 321 

Investment-Equity Securities 

ASC 323 

Investments – Equity method and Joint ventures 

ASC 326 

Credit Loss (Impairment) 

ASC 350 

Intangible Assets 

ASC 360 

Property, plant and equipment (PPE) 

ASC 450 

Contingencies 

ASC 606 

Revenue 

ASC 740 

Income Taxes 

ASC 805 

Business Combinations 

ASC 810 

Consolidated financial statements 

ASC 815 

Derivatives and Hedging 

ASC 820 

Fair Value Measurements 

ASC 830 

Foreign Currency Matters 

ASC 842 

Leases 

ASC 850 

Related Party Disclosures 

ASC 855 

Subsequent Events



Program deliverables

  • Virtual instructor led training of 60 hours – 12 sessions of 5 hours each (VILT)
  • Real time doubt solving through live interaction
  • Access to standard EY US GAAP pre-recorded lectures at EY Virtual Academy
  • EY presentations and publications
  • Query Support through a dedicated platform — Ask EY Expert

Certificate

EY will award “Certificate of Participation” to those who secure more than 80% and above attendance in the live online sessions.

OR

EY will award “Certificate of Completion” to participants who meet both the below criteria:

  • Attendance of 80% and above in the live online sessions. 
  • Secure 75% and above in the MCQs based EY IFRS Assessment.

Assessment will be of one hour comprising 30 MCQ. Each participant will get three attempts. The assessment will be live for a week after the completion of the session

Schedule

Sessions to be conducted every Saturday
Batch starting from: Saturday, 20th December 2025
Timings: 9:30 AM to 1:30 PM (IST)

Program fee

INR30,000/- plus taxes for Indian participants
US$1,500 for international participants

Contact

For more information contact:
Shweta Manchanda
E: Shweta.manchanda@in.ey.com
M: + 91 9811638456



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