U.S. GAAP: Overview of Financial Statements - Part I

Course_Fee1R 420.00R 420.00R 0.00 (0%)
Total amountR 420.00


In this course, you will learn the U.S. standard setters' perspective on the objectives of financial reporting, and review the components of the balance sheet and income statements, recognition and measurement, and accrual accounts. You will also delve into the mechanics of accounting including the double-entry method, debits and credits, and t-accounts.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Balance sheet
  • Income statements
  • Recognition and measurement
  • Accrual accounts
  • Double-entry method
  • Debits and credits
  • T-accounts

Who should take this course?
Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals.

Professional development
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

  • Start date
    19 November 2018
  • Programme duration
    1.5 hours
  • Estimated effort
    1.5 hours
  • Fee
  • Institution
  • Language
Start Dates

Learning outcomes

  • Recognise components of the various financial statements
  • Differentiate between current and non-current assets and current and non-current liabilities
  • Recall the accounts included in an income statement
  • Identify how various income statement amounts are calculated