Online training | Update US GAAP

Designing a comprehensive online course on the latest updates in US GAAP, ASC changes, and SEC regulations is essential for professionals navigating the evolving financial reporting landscape. This online program consists of three live sessions of two hours each, tailored for US-based companies and EU companies with US parent companies. The program covers the most recent Accounting Standards Updates (ASUs) from 2023, 2024, and 2025, key SEC regulatory changes, and annual report formats.

Session 1: Recent Accounting Standards Updates (ASUs) and Their Implications
Duration: 2 hours

Key Topics:

• Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121.
• Leases (Topic 842): Common Control Arrangements.
• Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.
• Codification Improvements.
• Disaggregation of Income Statement Expenses (Topic 220-40).
• Induced Conversions of Convertible Debt Instruments (Topic 470-20).
• Income Taxes (Topic 740).
• Intangibles – Goodwill and Other: Crypto Assets (Subtopic 350-60).
• And more…

Structure:

• Scope and Key Provisions: Understanding the specific changes introduced.
• Implementation Guidance: Steps for effective adoption.
• Practical Examples: Illustrative scenarios to contextualize the updates.
• Update of training material: 14 days before the course.

Session 2: Updates to SEC Regulations S-X and S-K
Duration: 2 hours

Key Topics:

• Amendments to Regulation S-K and S-X, including:
• Insider Trading Policies Disclosure (Item 408)
• Stock Option Grants Disclosure (Item 402x)
• Cybersecurity Disclosure (Item 106)
• Climate Disclosure
• Segment Reporting Disclosure
• Update of training material: 14 days before the course.

Session 3: Annual Reports—Formats, Best Practices, and Interactive Discussion, special topics (buffet format)
Duration: 2 hours

1. Annual Report Formats and Best Practices

• Case Studies: Reviewing exemplary annual reports for practical insights.
• Notable SEC Enforcement Actions in Financial Reporting:
• Alphabet
• Goldman Sachs
• JP Morgan Chase
• Cantor Fitzgerald

2. Interactive Discussion and Q&A (Buffet Format)

• Participant Experiences:
• Sharing challenges and solutions in implementing recent updates.
• Addressing special topics that need extra guidance.
• Course participants can bring in topics or real-life cases for discussion (must be submitted during the first session).
• Expert Insights:
• Addressing specific queries related to ASUs, SEC regulations, and annual report preparation.

Summary and Key Takeaways

• Recap of Sessions: Highlighting the critical points discussed.
• Resources for Continued Learning: Providing materials and references for further study.

Additional Resources:

• FASB Accounting Standards Updates:
• SEC Regulations and Rulemaking Activity:

This program ensures that participants:

• Stay up to date with the latest US GAAP and SEC regulations.
• Gain practical knowledge to apply these updates in their professional roles.
• Have direct access to an experienced expert for their specific questions.

Your tutor
Stefan Betting

Drs. Stefan N. Betting RA
I am a teacher at heart. With more than 200 training sessions per year since 2000, I can confidently say that I am doing what I truly enjoy. My expertise lies primarily in (inter)national external reporting, including Dutch GAAP, IFRS, and US GAAP. I also have extensive experience with Integrated Reporting and Sustainability Reporting.

For over 25 years, I have been teaching for a wide range of organizations, from Alex van Groningen to Sijthoff Accountants Academy and from the IIA to the VRC, with a primary focus on financial professionals. Since 2000, I have been affiliated with Nyenrode Business University as a lecturer and examiner.

Incompany
Would you like to organize this training as a customized or in-house session? Then please contact us!