U.S. GAAP: Cash, Receivables, and Inventory

Financial accounting & reporting

Course

U.S. GAAP: Cash, Receivables, and Inventory

Instructor: Kelen Camehl, CPA, MBA

  • Format

    Course - Online

  • Duration

    1h

This course outlines U.S. GAAP accounting for cash and cash equivalents, receivables, and inventory; it includes the application of alternative methods used for writing off bad debts and costing inventory.

Learning outcomes

  • Identify types of cash equivalents and accounts receivable
  • Differentiate between methods used for bad debts write-offs
  • Recall the differences between perpetual and periodic inventory systems
  • Compare FIFO, LIFO, and weighted-average inventory cost methods
  • Recognise disclosures requirements regarding inventory

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

This course outlines U.S. GAAP accounting for the following: cash and cash equivalents; receivables, including methods used for bad debts write-offs; and inventory, including differentiation between types of inventory systems (perpetual and periodic), inventory costing methods (FIFO, LIFO, and weighted-average).

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Cash and cash equivalents
  • Receivables
  • Inventory systems
  • Inventory costing methods

Please note: This course is not designed for CPAs or individuals pursuing the CPA licensure pathway.

Who should take this course?

  • Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1h
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • Kelen Camehl, CPA, MBA

Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.