Is this course really 100% online? Do I need to attend any classes in person?

This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device.

What is the refund policy?

If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.

Can I just enroll in a single course?

Yes! To get started, click the course card that interests you and enroll. You can enroll and complete the course to earn a shareable certificate. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. Visit your learner dashboard to track your progress.

Is financial aid available?

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.

Can I take the course for free?

No, you cannot take this course for free. 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. If you cannot afford the fee, you can apply for financial aid.

Will I earn university credit for completing the Specialization?

This Specialization doesn't carry university credit, but some universities may choose to accept Specialization Certificates for credit. Check with your institution to learn more.

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 Coursera Plus

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4 course series

Get in-depth knowledge of a subject

Beginner level

Recommended experience

4 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 course series

Get in-depth knowledge of a subject

Beginner level

Recommended experience

4 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

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.

Details to know

Shareable certificate

Add to your LinkedIn profile

Taught in English

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Develop a deep understanding of key concepts
Earn a career certificate from EDUCBA

Specialization - 4 course series

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.

Applied Learning Project

Learners will complete hands-on projects simulating real-world accounting tasks, such as preparing financial statements under ASC guidance, analyzing equity and revenue transactions, and applying nonprofit reporting standards. These projects help learners translate GAAP concepts into practice, ensuring they can apply standards to authentic financial reporting challenges.

Master US GAAP: Analyze Foundations & Codification

Course 14 hours

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

Category: Standard Accounting Practices

Category: Financial Statements

Category: Generally Accepted Accounting Principles (GAAP)

Category: Financial Accounting

Category: Technical Accounting

Category: Financial Reporting

Apply US GAAP: Prepare & Evaluate Financial Statements

Course 29 hours

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

Category: Financial Statements

Category: Balance Sheet

Category: Revenue Recognition

Category: Income Statement

Category: Depreciation

Category: Financial Reporting

Category: Financial Accounting

Category: Accounts Receivable

Category: Inventory Accounting

Category: Fixed Asset

Category: Accrual Accounting

Category: Cash Flows

Category: Generally Accepted Accounting Principles (GAAP)

Evaluate US GAAP: Equity, Revenue & Advanced Topics

Course 35 hours

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

Category: Financial Reporting

Category: Income Statement

Category: Income Tax

Category: Financial Statements

Category: Revenue Recognition

Category: Financial Accounting

Category: Mergers & Acquisitions

Category: Accounting

Category: Generally Accepted Accounting Principles (GAAP)

Category: Equities

Category: Tax Management

Category: Technical Accounting

Category: Consolidation

Master ASC 958: Apply & Analyze Not-for-Profit Reporting

Course 44 hours

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

Category: Management Reporting

Category: Standard Accounting Practices

Category: Compliance Reporting

Category: Non-Profit Accounting

Category: Expense Management

Category: Financial Statement Analysis

Category: Balance Sheet

Category: Financial Reporting

Category: Cash Flows

Category: Financial Statements

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

341 Courses113,215 learners

Offered by

EDUCBA

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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.

By completing this specialization, you will be able to confidently interpret and apply U.S. GAAP standards, prepare and evaluate financial statements, analyze equity and revenue recognition, and address advanced accounting issues including consolidation and nonprofit reporting. You will be equipped to apply GAAP in real-world reporting scenarios with compliance, clarity, and accuracy.