This specialization provides a comprehensive pathway to mastering U.S. GAAP standards, from foundational principles to advanced financial reporting applications. Learners will explore the FASB Codification system, apply ASC guidance to prepare and evaluate financial statements, and analyze equity, revenue recognition, and consolidation. The program also covers ASC 958 for nonprofit reporting, equipping professionals with the skills to ensure compliance, transparency, and comparability in diverse reporting environments. Designed for students, accountants, and finance professionals, this specialization blends theory with practical applications, preparing learners to confidently navigate U.S. financial reporting.
US GAAP Accounting & Financial Reporting Mastery Specialization
US GAAP Accounting & Financial Reporting Mastery Specialization
Master US GAAP Standards and Reporting. Gain expertise in US GAAP, ASC, and financial reporting for corporate and nonprofit entities.
Instructor: EDUCBA
Included with 
Get in-depth knowledge of a subject
Beginner level
Recommended experience
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
Get in-depth knowledge of a subject
Beginner level
Recommended experience
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
What you'll learn
Explain the purpose, framework, and authority of US GAAP and apply ASC codification to reporting.
Prepare and analyze financial statements and apply GAAP rules for assets, liabilities, equity, and revenue.
Apply advanced GAAP standards for equity, consolidation, taxes, and nonprofit financial reporting.
Overview
Skills you'll gain
- Standard Accounting Practices
- Inventory Accounting
- Revenue Recognition
- Financial Statements
- Expense Management
- Income Statement
- Technical Accounting
- Financial Accounting
- Balance Sheet
- Accounting
- Compliance Reporting
- Consolidation
- Mergers & Acquisitions
- Cash Flows
- Non-Profit Accounting
- Financial Reporting
- Generally Accepted Accounting Principles (GAAP)
- Financial Data
- Tax Management
- Accrual Accounting
What’s included
Shareable certificate
Add to your LinkedIn profile
Taught in English
Recently updated!
September 2025
31 practice exercises
Advance your subject-matter expertise
- Learn in-demand skills from university and industry experts
- Master a subject or tool with hands-on projects
- Develop a deep understanding of key concepts
- Earn a career certificate from EDUCBA
Specialization - 4 course series
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
Generally Accepted Accounting Principles (GAAP), Financial Statements, Standard Accounting Practices, Financial Accounting, Financial Reporting, and Technical Accounting
What you'll learn
Apply ASC guidance to prepare and analyze core financial statements.
Interpret GAAP rules for assets, liabilities, equity, and debt.
Evaluate cash flows, credit losses, and EPS under GAAP compliance.
Skills you'll gain
Financial Statements, Generally Accepted Accounting Principles (GAAP), Income Statement, Balance Sheet, Cash Flows, Revenue Recognition, Accrual Accounting, Inventory Accounting, Financial Reporting, Depreciation, Accounts Receivable, Financial Accounting, and Fixed Asset
What you'll learn
Apply GAAP to equity transactions, stock dividends, and treasury stock.
Evaluate ASC 505–705 and ASC 740–810 for revenue and tax reporting.
Analyze and implement consolidation, acquisitions, and VIE guidance.
Skills you'll gain
Revenue Recognition, Consolidation, Income Tax, Financial Statements, Income Statement, Generally Accepted Accounting Principles (GAAP), Equities, Mergers & Acquisitions, Accounting, Technical Accounting, Financial Accounting, Tax Management, and Financial Reporting
What you'll learn
Interpret ASC 958 and ASU 2016-14 to classify net assets and expenses.
Apply liquidity disclosures and reporting to nonprofit financials.
Evaluate compliance, transparency, and comparability in nonprofit reporting.
Skills you'll gain
Financial Statements, Financial Statement Analysis, Cash Flows, Financial Reporting, Non-Profit Accounting, Standard Accounting Practices, Balance Sheet, Compliance Reporting, Management Reporting, and Expense Management
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
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Frequently asked questions
The specialization is designed to be completed in approximately 8 to 9 weeks, with an expected commitment of 3–4 hours per week. This flexible pacing allows learners to progress steadily through the material while balancing professional and personal responsibilities. By the end of the program, participants will have gained both conceptual knowledge and practical application skills in U.S. GAAP and financial reporting.
A foundational understanding of accounting principles or prior coursework in financial reporting is recommended. However, the specialization is structured to support learners at various levels, from students to professionals seeking to strengthen or update their knowledge of U.S. GAAP.
Yes. The courses are designed to build progressively, starting with the foundations of U.S. GAAP and moving into financial statements, advanced topics, and nonprofit reporting. Taking the courses in sequence ensures a smoother learning experience and a stronger mastery of the standards.
More questions
Financial aid available,