U.S. GAAP – Financial Statement Presentation, Performance Measures & Audit Discipline

What Will You Learn?

• Explain the U.S. GAAP framework for financial statement presentation
• Apply ASC 205 and ASC 225 to income statement structure and subtotals
• Distinguish operating vs non-operating results under U.S. GAAP practice
• Evaluate and present non-GAAP performance measures appropriately
• Apply SEC Regulation G and Regulation S-K requirements (where applicable)
• Present other comprehensive income (OCI) in accordance with ASC 220
• Align income statement presentation with cash flow classification under ASC 230
• Apply materiality and aggregation principles under U.S. GAAP
• Document significant presentation judgments to withstand audit and peer review
• Identify and avoid common AICPA and PPC audit findings related to presentation and disclosure