Description
The accounting managers of French subsidiaries of an Anglo-Saxon group have to practice accounting on a daily basis using US GAAP standards or translate their company's financial statements into Anglo-Saxon standards. To evolve in this environment, it is essential to acquire a clear notion of Anglo-Saxon accounting practice, accounting terms: EBIT, EBITDA, cash flow, contingencies... And also to appropriate the culture and the system Anglo-Saxon accountant.
Who is this training for ?
For whom ?Financial, accounting or management manager, working in the subsidiary of an Anglo-Saxon group, or having subsidiaries in Anglo-Saxon countries.
Prerequisites
Training objectives
Training program
- Situate the regulatory framework for financial statements
- Organization of accounting standards in the United States.
- The basic principles (US GAAP, SSAP standards).
- Convergence of the US GAAP framework to IFRS .
- Anglo-Saxon financial statements
- Presentation of the balance sheet.
- The income statement and the comprehensive income.
- The notes to the financial statements.
- The cash- flow statement.
- Identify the Anglo-Saxon accounting specificities
- Intangible and tangible assets.
- Valuation of inventories.
- Valuation of investment securities and debts.
- Lease contracts.
- Debts and provisions for risks and charges.
- Retirement provisions.
- Calculation of deferred taxes.
- Equity.
- Build the income statement
- Period and product costs.
- Determine the cost of sales: in a trading company; in a production or service company; variances on standard cost .
- Use Anglo-Saxon financial analysis concepts
- Analysis of the balance sheet using the liquidity approach.
- The notion of working capital.
- Analysis of the cash flow statement.
- Main ratios used.
- Remote activity
- To benefit from the contributions of an expert on a theoretical or practical point: a
- expert 'Financial statements under IFRS standards'.
