Master US GAAP: Analyze Foundations & Codification

Grow your skills with Coursera Plus for $239/year (usually $399). Save now.

Master US GAAP: Analyze Foundations & Codification

This course is part of US GAAP Accounting & Financial Reporting Mastery Specialization

Instructor: EDUCBA

Included with

Learn more

2 modules

Gain insight into a topic and learn the fundamentals.

18 reviews

4 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

18 reviews

4 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Explain US GAAP’s purpose, principles, and authority in financial reporting.
Analyze FASB’s standard-setting process and codification updates.
Apply ASC framework (ASC 105, ASC 205) to financial statement presentation.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

6 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your subject-matter expertise

This course is part of the US GAAP Accounting & Financial Reporting Mastery Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 2 modules in this course

By the end of this course, learners will be able to explain the purpose of US GAAP, analyze FASB’s standard-setting process, and apply the framework of the Accounting Standards Codification (ASC) to financial statement presentation. You will gain a strong foundation in the principles, objectives, and authority of US GAAP, including ASC 105 and ASC 205 guidance on presentation, comparatives, discontinued operations, and going concern.

This course is ideal for students, accountants, and finance professionals seeking a comprehensive introduction to U.S. financial reporting standards. Through structured lessons, practice quizzes, and real-world examples, you will learn to interpret the GAAP framework, navigate ASC effectively, and apply codification updates. What makes this course unique is its balance between conceptual clarity and practical application, enabling you to confidently read, understand, and use GAAP standards. Completing this course builds the foundation for advanced GAAP modules on financial statements, equity, revenue, and consolidation.

This module introduces learners to the fundamentals of U.S. Generally Accepted Accounting Principles (GAAP), including its purpose, objectives, abbreviations, and the standard-setting process by FASB. Learners will gain a strong foundation in the framework that governs financial reporting in the United States.

What's included

8 videos3 assignments

8 videos Total 42 minutes

US GAAP Overview Part 1 8 minutes
US GAAP Overview Part 2 6 minutes
Introduction to US GAAP 2 minutes
Objectives of US GAAP 3 minutes
Abbreviations 2 minutes
Financial Accounting Standards 9 minutes
FASB Standard Setting 5 minutes
FASB Standard Setting Continue 6 minutes

3 assignments Total 50 minutes

Understanding US GAAP Basics 10 minutes
Standard Setting and Frameworks 10 minutes
Foundations of US GAAP 30 minutes

This module explores the Accounting Standards Codification (ASC), its framework under ASC 105, and the presentation of financial statements under ASC 205, including comparative and discontinued operations. Learners will understand how the codification simplifies GAAP and supports accurate reporting.

What's included

16 videos3 assignments

16 videos Total 96 minutes

ASC Part 1 6 minutes
ASC Part 2 7 minutes
ASC Part 3 8 minutes
ASC Part 4 3 minutes
ASC Part 5 13 minutes
ASC Part 6 2 minutes
ASC Part 7 1 minute
Conclusion ASC 105 5 minutes
Introduction to Accounting Standard Codification 205 7 minutes
Comparative FS 6 minutes
Comparative FS Example 5 minutes
Discontinued FS 7 minutes
Discontinued Example 11 minutes
Liquidation FS 6 minutes
Going Concern FS 5 minutes
Primary Financial Statement 4 minutes

3 assignments Total 50 minutes

Navigating ASC 105 10 minutes
Exploring ASC 205 – Financial Statements 10 minutes
Accounting Standard Codification (ASC 105 & 205) 30 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

EDUCBA

1,050 Courses 251,576 learners

Offered by

EDUCBA

Explore more from Finance

EDUCBA
Apply US GAAP: Prepare & Evaluate Financial Statements
Course
EDUCBA
US GAAP Accounting & Financial Reporting Mastery
Specialization
EDUCBA
Master Accounting Fundamentals: Analyze, Interpret & Apply
Course
EDUCBA
Evaluate US GAAP: Equity, Revenue & Advanced Topics
Course

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

5 stars
94.44%
4 stars
0%
3 stars
5.55%
2 stars
0%
1 star
0%

Showing 3 of 18

Reviewed on Dec 20, 2025

The course is on point, easy to understand and the notes provided are helpful.

Reviewed on Dec 3, 2025

This course offers a deep dive into the structure and logic behind US GAAP.

Reviewed on Jan 17, 2026

A comprehensive and well-organized course that breaks down US GAAP concepts effectively.

View more reviews

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.