Accounting Standards Framework and Guidance

Ends today! Get one of our best deals with Coursera Plus for $199 (usually $399). Save now.

Accounting Standards Framework and Guidance

Instructor: EDUCBA

Included with

Learn more

Ask Coursera

3 modules

Gain insight into a topic and learn the fundamentals.

6 hours to complete

Flexible schedule

Learn at your own pace

3 modules

Gain insight into a topic and learn the fundamentals.

6 hours to complete

Flexible schedule

Learn at your own pace

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.

Details to know

Shareable certificate

Add to your LinkedIn profile

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

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 videosTotal 42 minutes

What Is US GAAP?8 minutes
US GAAP Course Overview6 minutes
Introduction to US GAAP2 minutes
Objectives of US GAAP3 minutes
Abbreviations2 minutes
Financial Accounting Standards9 minutes
FASB Standard Setting5 minutes
FASB Standard Setting Continue6 minutes

4 assignmentsTotal 60 minutes

Understanding the Basics of US GAAP10 minutes
Core Concepts and Objectives10 minutes
Evolution of Accounting Standards10 minutes
Graded Quiz — Foundations of US GAAP30 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

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

Instructor

EDUCBA

1,550 Courses323,303 learners

Offered by

EDUCBA

Explore more from Finance

Status: Free Trial
EDUCBA
Master US GAAP: Analyze Foundations & Codification
Course
Status: Free Trial
University of California, Santa Barbara
Assurance Guidance and Standards
Course
Status: Free Trial
EDUCBA
Financial Reporting and Accounting Standards
Specialization
Status: Free Trial
Coursera
Accounting Principles, Compliance, and Audit Readiness
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."

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.