Accounting Standards Framework and Guidance
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Accounting Standards Framework and Guidance
This course is part of US GAAP Financial Reporting Framework Specialization
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What you'll learn
Explain the structure, evolution, and purpose of U.S. GAAP and the Accounting Standards Codification.
Apply GAAP hierarchy principles to identify authoritative guidance for accounting decisions.
Navigate ASC 105 effectively to research, interpret, and apply accounting standards.
Skills you'll gain
- Financial Regulations
- Accounting
- Generally Accepted Accounting Principles (GAAP)
- Technical Accounting
- Business Reporting
- Standard Accounting Practices
- International Financial Reporting Standards
- Regulatory Compliance
- Business Requirements
- Financial Accounting
- Finance
- Environment
- World History
- Business
- Decision Making
- Accounting and Finance Software
- Financial Reporting
Tools you'll learn
Details to know
June 2026
10 assignments
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There are 3 modules in this course
Master the foundations of U.S. GAAP and ASC 105 with a clear, practical approach.
Learn how accounting standards are structured, applied, and navigated in real-world scenarios. This course is designed to help learners understand the history, evolution, and hierarchy of U.S. GAAP, with a strong focus on the Accounting Standards Codification (ASC). You will explore how GAAP is organized, how to navigate the ASC efficiently, and how to distinguish between authoritative and nonauthoritative guidance. Through structured lessons, you will gain the ability to interpret accounting standards, apply GAAP hierarchy in decision-making, and build a strong conceptual foundation required for accounting roles and professional exams. Whether you are a student, aspiring accountant, or finance professional, this course equips you with the knowledge and confidence to work with U.S. GAAP in practical settings.
Build a strong foundation in U.S. GAAP by understanding its purpose, objectives, and evolution, along with the role of FASB in developing accounting standards.
What's included
8 videos4 assignments
8 videos•Total 42 minutes
- What Is US GAAP?•8 minutes
- US GAAP Course Overview•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
4 assignments•Total 60 minutes
- Graded Quiz — Foundations of US GAAP•30 minutes
- Understanding the Basics of US GAAP•10 minutes
- Core Concepts and Objectives•10 minutes
- Evolution of Accounting Standards•10 minutes
Learn how the Accounting Standards Codification is structured and organized, enabling efficient navigation and application of GAAP guidance.
What's included
4 videos3 assignments
4 videos•Total 23 minutes
- ASC 105 Overview•6 minutes
- Purpose of Codification•7 minutes
- ASC Topic Structure•8 minutes
- Industry-Specific Topics•3 minutes
3 assignments•Total 50 minutes
- Graded Quiz — Introduction to ASC and Codification•30 minutes
- Getting Started with ASC 105•10 minutes
- Understanding ASC Structure•10 minutes
Develop the ability to interpret and apply GAAP hierarchy, distinguish between guidance types, and navigate ASC effectively in real-world scenarios.
What's included
4 videos3 assignments
4 videos•Total 22 minutes
- How to Read the ASC•13 minutes
- Authoritative Guidance•2 minutes
- Nonauthoritative Guidance•1 minute
- ASC 105 Summary•5 minutes
3 assignments•Total 50 minutes
- Navigating GAAP Guidance•30 minutes
- Reading and Interpreting ASC•10 minutes
- Applying GAAP Hierarchy•10 minutes
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