Generally Accepted Accounting Principles (GAAP)

Course Properties

Course date: 22-10-2017
Course End Date: 26-10-2017
Location Sharm El-Sheikh

 Course Objective:

              By the end of the program, participants will be able to:
               * Explain and interpret Generally Accepted Accounting Principles.
               * Interpret Accounting Treatment for Assets, Liabilities, and Owners' Equity Transactions.
               * Apply Accounting Principles in Developing Financial Statements.
               * Analyze specialized accounting transactions.
               * Use practical guidance to preparing Financial Statements in accordance with GAAP.

Who Should Attend:

   Accountants, accounting supervisors, accounting managers and junior accounting staff who want to upgrade their accounting skills with the newest Generally Accepted Accounting Principles. .

Course Contents:

                • Introduction to GAAP Balance Sheet
                                 o Concepts, Rules and Examples
                                 o Classification of Assets
                                 o Classification of Liabilities
                                 o Classification of Stockholders' Equity
                                 o Example of Balance Sheet Classification and Presentation
                • Statements of Income and Comprehensive Income
                                 o Revenue and Expense Recognition and Measurement
                                 o Discontinued Operations
                                 o Extraordinary Income
                                 o Accounting Changes
                                 o Comprehensive Income
                                 o Prior Period Adjustments

                • Statement of Cash Flow
                                 o Cash Classification
                                 o Direct Versus Indirect
                                 o Preparation of Statements
                • Assets
                                 o Cash, Receivables and Prepaid Expenses
                                 o Short-Term Investments and Financial Instruments
                                 o Inventory
                                 o Long-Lived Assets
                                 o Investments

                • Liabilities and Equities
                                 o Current Liabilities and Contingencies
                                 o Long-Term Debt
                                 o Stockholders' Equity

                • Revenue Recognition