{"id":40993,"date":"2014-02-26T18:17:10","date_gmt":"2014-02-26T12:47:10","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=40993"},"modified":"2024-04-12T14:19:31","modified_gmt":"2024-04-12T08:49:31","slug":"gaap-professional","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-professional\/","title":{"rendered":"Certified GAAP Professional"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-Tutrorial.png\" alt=\"Certified GAAP Professional Online tutorial\" class=\"wp-image-81658\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-Tutrorial.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-Tutrorial-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n\n<p>GAAP Professionals are responsible for governing the world of accounting according to general rules and guidelines. That is to say, it attempts to standardize and regulate the definitions, assumptions, and methods used in accounting across all industries. However,&nbsp; the main motive of GAAP is to ensure a company&#8217;s financial statements are complete, consistent, and comparable.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Role of GAAP<\/strong><\/h5>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.vskills.in\/certification\/gaap-professional-certification\" target=\"_blank\" rel=\"noreferrer noopener\">GAAP Professionals<\/a> helps businesses to maintain consistency in their appearance of financial information.<\/li><li>It also helps an organization to figure out whether it is making money or not. Moreover, it makes decisions about cash flow.<\/li><li>GAAP also offers the chance to compare the financial status of the business with similar types of companies.<\/li><li>Lastly, GAAP guidelines give assurance that the financial statements were prepared using without fraudulent.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Vskills Certified GAAP Professional: Overview<\/strong><\/h5>\n\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/gaap-professional-certification\" target=\"_blank\" rel=\"noreferrer noopener\">Vskills GAAP Professional certification<\/a> examines the candidate according to the latest company\u2019s need for compliance with GAAP.&nbsp; Moreover, the certification validates the candidates in various areas. This includes balance sheet presentation, balance sheet presentation, financial instruments, GN (A)-18, and various accounting standards from AS-1 to 7 and AS-9 to 29. Talking about the course, this course is designed for professionals and graduates who want to excel in their chosen areas.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Certification Benefits<\/strong><\/h5>\n\n\n\n<p>Candidates on earning Vskills GAAP Professional Certification will get advantages in today&#8217;s competitive job market. As this will increase their chances to get better job opportunities by showcasing their advanced skills, and result in higher earning potential.&nbsp;<\/p>\n\n\n\n<p>The best thing about getting this certification is that GAAP Professionals are in great demand in companies specializing in finance, compliance, or consulting.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/exm-procss-vskills-5.png\" alt=\"Certified GAAP Professional Exam Process\" class=\"wp-image-81390\" width=\"600\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/exm-procss-vskills-5.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/exm-procss-vskills-5-300x181.png 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Vskills being India\u2019s largest certification providers gives candidates access to top exams as well as provides after exam benefits. This includes:<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The certifications will have a <strong>Government verification tag.<\/strong><\/li><li>The Certification is <strong>valid for life.<\/strong><\/li><li>Candidates will get <strong>lifelong e-learning access.<\/strong><\/li><li>Access to <strong>free Practice Tests.<\/strong><\/li><li>Candidates will get tagged as <strong>\u2018Vskills Certified\u2019<\/strong> On Monsterindia.com and&nbsp; \u2018Vskills Certified\u2019 On Shine Shine.com.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/tests-detils.png\" alt=\"Certified GAAP Professional Test details\" class=\"wp-image-81389\" width=\"650\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/tests-detils.png 858w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/10\/tests-detils-300x150.png 300w\" sizes=\"(max-width: 858px) 100vw, 858px\" \/><\/figure><\/div>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Course Outline for Certified GAAP Professional<\/strong><\/h5>\n\n\n\n<p>Certified GAAP Professional covers the following topics \u2013<\/p>\n\n\n<p><strong>1. The Conceptual Framework<\/strong><\/p>\n<p>1.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/objectives-of-financial-reporting\/\" target=\"_blank\" rel=\"noopener\">Objectives of Financial Reporting<\/a><br>1.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/characteristics-and-limitations-of-a-financial-report\/\" target=\"_blank\" rel=\"noopener\">Characteristics and Limitations of a Financial Report<\/a><\/p>\n<p><strong>2. Accounting Standard-1, Disclosure of Accounting Policies<\/strong><\/p>\n<p>2.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/indian-gaap-on-disclosure-of-accounting-policies\/\" target=\"_blank\" rel=\"noopener\">Indian GAAP on Disclosure of Accounting Policies<\/a><\/p>\n<p><strong>3. Accounting Standard-2, Valuation of Inventories<\/strong><\/p>\n<p>3.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/inventories-as-assets\/\" target=\"_blank\" rel=\"noopener\">Inventories as Assets<\/a><\/p>\n<p><strong>4. Accounting, Standard-3, Cash Flow Statement<\/strong><\/p>\n<p>4.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/objective\/\" target=\"_blank\" rel=\"noopener\">Objective<\/a><br>4.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-of-a-cash-flow-statement\/\" target=\"_blank\" rel=\"noopener\">Presentation of a Cash Flow Statement<\/a><\/p>\n<p><strong>5. Accounting Standard-4, Contingencies and Events Occurring<\/strong><\/p>\n<p>5.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-events-occurring-after-the-balance-sheet-date-under-as-4\/\" target=\"_blank\" rel=\"noopener\">Accounting for Events Occurring After the Balance Sheet Date Under AS-4<\/a><br>5.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>6. Accounting Standard-5, Net Profit or Loss for the Period<\/strong><\/p>\n<p>6.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-of-income-statement-under-as-5\/\" target=\"_blank\" rel=\"noopener\">Presentation of Income Statement under AS-5<\/a><\/p>\n<p><strong>7. Accounting Standard-6, Depreciation<\/strong><\/p>\n<p>7.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-depreciation-under-as-6\/\" target=\"_blank\" rel=\"noopener\">Accounting for Depreciation Under AS-6<\/a><br>7.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/depreciation-3\/\" target=\"_blank\" rel=\"noopener\">Depreciation<\/a><br>7.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-depreciation\/\" target=\"_blank\" rel=\"noopener\">Methods of Depreciation<\/a><br>7.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/change-in-method-of-depreciation\/\" target=\"_blank\" rel=\"noopener\">Change in Method of Depreciation<\/a><\/p>\n<p><strong>8. Accounting Standard-7, Construction Contracts<\/strong><\/p>\n<p>8.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-construction-contracts-under-as-7\/\" target=\"_blank\" rel=\"noopener\">Accounting for Construction Contracts under AS-7<\/a><br>8.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/terms-used-in-as-7\/\" target=\"_blank\" rel=\"noopener\">Terms Used in AS-7<\/a><br>8.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/combining-and-segmenting-construction-contracts\/\" target=\"_blank\" rel=\"noopener\">Combining and Segmenting Construction Contracts<\/a><br>8.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contract-revenue\/\" target=\"_blank\" rel=\"noopener\">Contract Revenue<\/a><br>8.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contract-costs\/\" target=\"_blank\" rel=\"noopener\">Contract Costs<\/a><br>8.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition-of-contract-revenue-and-expenses\/\" target=\"_blank\" rel=\"noopener\">Recognition of Contract Revenue and Expenses<\/a><\/p>\n<p><strong>9. Accounting Standard-9, Revenue Recognition<\/strong><\/p>\n<p>9.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-revenue-under-as-9\/\" target=\"_blank\" rel=\"noopener\">Accounting for Revenue under AS-9<\/a><br>9.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/sale-of-goods\/\" target=\"_blank\" rel=\"noopener\">Sale of Goods<\/a><br>9.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/interest-royalties-and-dividends\/\" target=\"_blank\" rel=\"noopener\">Interest, Royalties and Dividends<\/a><br>9.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/effect-of-uncertainties-on-revenue-recognition\/\" target=\"_blank\" rel=\"noopener\">Effect of Uncertainties on Revenue Recognition<\/a><br>9.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-2\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>10. Accounting Standard-10, Accounting for Fixed Assets<\/strong><\/p>\n<p>10.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/identifying-fixed-assets\/\" target=\"_blank\" rel=\"noopener\">Identifying Fixed Assets<\/a><br>10.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/components-of-cost\/\" target=\"_blank\" rel=\"noopener\">Components of Cost<\/a><br>10.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-admin\/post.php?post=95294&amp;action=edit\" target=\"_blank\" rel=\"noopener\">Self-constructed Fixed Assets<\/a><br>10.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/non-monetary-consideration\/\" target=\"_blank\" rel=\"noopener\">Non-monetary Consideration<\/a><br>10.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/improvements-and-repairs\/\" target=\"_blank\" rel=\"noopener\">Improvements and Repairs<\/a><br>10.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/retirements-and-disposals-derecognition\/\" target=\"_blank\" rel=\"noopener\">Retirements and Disposals (derecognition)<\/a><br>10.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/hire-purchases\/\" target=\"_blank\" rel=\"noopener\">Hire Purchases<\/a><br>10.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/joint-ownership\/\" target=\"_blank\" rel=\"noopener\">Joint Ownership<\/a><br>10.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/goodwill\/\" target=\"_blank\" rel=\"noopener\">Goodwill<\/a><br>10.10. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-3\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>11. Accounting Standard-11, Changes in Foreign Exchange Rates<\/strong><\/p>\n<p>11.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/as-11\/\" target=\"_blank\" rel=\"noopener\">AS-11<\/a><br>11.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/classification-of-foreign-operations-as-integral-or-non-integral\/\" target=\"_blank\" rel=\"noopener\">Classification of Foreign Operations as Integral or Non-integral<\/a><br>11.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/change-in-the-classification-of-a-foreign-operation\/\" target=\"_blank\" rel=\"noopener\">Change in the Classification of a Foreign Operation<\/a><br>11.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-4\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>12. Accounting Standard-12, Accounting for Government Grants<\/strong><\/p>\n<p>12.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-government-grants-under-the-indian-gaap-as-12\/\" target=\"_blank\" rel=\"noopener\">Accounting for Government Grants Under the Indian GAAP (AS-12)<\/a><br>12.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-treatment-of-government-grants\/\" target=\"_blank\" rel=\"noopener\">Accounting Treatment of Government Grants<\/a><br>12.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition-of-government-grants\/\" target=\"_blank\" rel=\"noopener\">Recognition of Government Grants<\/a><br>12.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/non-monetary-government-grants\/\" target=\"_blank\" rel=\"noopener\">Non-monetary Government Grants<\/a><br>12.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-of-grants-related-to-revenue\/\" target=\"_blank\" rel=\"noopener\">Presentation of Grants Related to Revenue<\/a><br>12.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-of-grants-of-the-nature-of-promoters-contribution\/\" target=\"_blank\" rel=\"noopener\">Presentation of Grants of the nature of Promoters&#8217; contribution<\/a><br>12.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/refund-of-government-grants\/\" target=\"_blank\" rel=\"noopener\">Refund of Government Grants<\/a><br>12.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-5\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>13. Accounting Standard-13, Accounting for Investments<\/strong><\/p>\n<p>13.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-investments-under-indian-gaap\/\" target=\"_blank\" rel=\"noopener\">Accounting for Investments under Indian GAAP<\/a><br>13.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/forms-of-investments\/\" target=\"_blank\" rel=\"noopener\">Forms of Investments<\/a><br>13.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/cost-of-investments\/\" target=\"_blank\" rel=\"noopener\">Cost of Investments<\/a><br>13.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/investment-properties\/\" target=\"_blank\" rel=\"noopener\">Investment Properties<\/a><br>13.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disposal-of-investments\/\" target=\"_blank\" rel=\"noopener\">Disposal of Investments<\/a><\/p>\n<p><strong>14. Accounting Standard-14, Accounting for Amalgamations<\/strong><\/p>\n<p>14.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-amalgamation-under-the-indian-gaap-as-14\/\" target=\"_blank\" rel=\"noopener\">Accounting for Amalgamation under the Indian GAAP (AS-14)<\/a><br>14.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/types-of-amalgamations\/\" target=\"_blank\" rel=\"noopener\">Types of Amalgamations<\/a><br>14.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-accounting-for-amalgamations\/\" target=\"_blank\" rel=\"noopener\">Methods of Accounting for Amalgamations<\/a><br>14.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/treatment-of-reserves-of-the-transferor-company-on-amalgamation\/\" target=\"_blank\" rel=\"noopener\">Treatment of Reserves of the Transferor Company on Amalgamation<\/a><br>14.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosures\/\" target=\"_blank\" rel=\"noopener\">Disclosures<\/a><\/p>\n<p><strong>15. Accounting Standard-15, Employee Benefits<\/strong><\/p>\n<p>15.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-employee-benefits\/\" target=\"_blank\" rel=\"noopener\">Accounting for Employee Benefits<\/a><br>15.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/short-term-employee-benefits\/\" target=\"_blank\" rel=\"noopener\">Short-term Employee Benefits<\/a><br>15.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/termination-benefits\/\" target=\"_blank\" rel=\"noopener\">Termination Benefits<\/a><br>15.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-treatment\/\" target=\"_blank\" rel=\"noopener\">Accounting Treatment<\/a><br>15.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosures-2\/\" target=\"_blank\" rel=\"noopener\">Disclosures<\/a><\/p>\n<p><strong>16. Accounting Standard-16, Borrowing Costs<\/strong><\/p>\n<p>16.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-borrowing-cost-in-as-16\/\" target=\"_blank\" rel=\"noopener\">Accounting for Borrowing Cost in AS-16<\/a><br>16.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/borrowing-costs\/\" target=\"_blank\" rel=\"noopener\">Borrowing Costs<\/a><br>16.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/a-qualifying-asset\/\" target=\"_blank\" rel=\"noopener\">A Qualifying Asset<\/a><br>16.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/borrowing-costs-eligible-for-capitalisation\/\" target=\"_blank\" rel=\"noopener\">Borrowing Costs Eligible for Capitalisation<\/a><br>16.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/commencement-of-capitalisation\/\" target=\"_blank\" rel=\"noopener\">Commencement of Capitalisation<\/a><br>16.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-6\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>17. Accounting Standard-17, Segment Reporting<\/strong><\/p>\n<p>17.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/segment-reporting-under-as-17\/\" target=\"_blank\" rel=\"noopener\">Segment Reporting Under AS-17<\/a><br>17.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-standards-interpretation-asi-22\/\" target=\"_blank\" rel=\"noopener\">Accounting Standards Interpretation (ASI 22)<\/a><br>17.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/allocation\/\" target=\"_blank\" rel=\"noopener\">Allocation<\/a><br>17.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/primary-and-secondary-segment-reporting-formats\/\" target=\"_blank\" rel=\"noopener\">Primary and Secondary Segment Reporting Formats<\/a><br>17.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/matrix-presentation\/\" target=\"_blank\" rel=\"noopener\">Matrix Presentation<\/a><br>17.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/business-and-geographical-segments\/\" target=\"_blank\" rel=\"noopener\">Business and Geographical Segments<\/a><br>17.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/identifying-reportable-segments-quantitative-thresholds\/\" target=\"_blank\" rel=\"noopener\">Identifying Reportable Segments (Quantitative Thresholds)<\/a><br>17.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/segment-accounting-policies\/\" target=\"_blank\" rel=\"noopener\">Segment Accounting Policies<\/a><br>17.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/primary-reporting-format\/\" target=\"_blank\" rel=\"noopener\">Primary Reporting Format<\/a><br>17.10. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/secondary-segment-information\/\" target=\"_blank\" rel=\"noopener\">Secondary Segment Information<\/a><br>17.11. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosures-3\/\" target=\"_blank\" rel=\"noopener\">Disclosures<\/a><\/p>\n<p><strong>18. Accounting Standard-18, Related Party Disclosures<\/strong><\/p>\n<p>18.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/related-party-disclosures\/\" target=\"_blank\" rel=\"noopener\">Related Party Disclosures<\/a><br>18.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-standards-interpretation-asi21\/\" target=\"_blank\" rel=\"noopener\">Accounting Standards Interpretation (ASI)21<\/a><br>18.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/the-related-party-issue\/\" target=\"_blank\" rel=\"noopener\">The Related Party Issue<\/a><br>18.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-7\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>19. Accounting Standard-19, Accounting for Leases<\/strong><\/p>\n<p>19.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-lease\/\" target=\"_blank\" rel=\"noopener\">Accounting for Lease<\/a><br>19.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/classification-of-leases\/\" target=\"_blank\" rel=\"noopener\">Classification of Leases<\/a><br>19.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/leases-in-the-financial-statements-of-lessees\/\" target=\"_blank\" rel=\"noopener\">Leases in the Financial Statements of Lessees<\/a><br>19.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/leases-in-the-financial-statements-of-lessors\/\" target=\"_blank\" rel=\"noopener\">Leases in the Financial Statements of Lessors<\/a><br>19.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/sale-and-leaseback-transactions\/\" target=\"_blank\" rel=\"noopener\">Sale and Leaseback Transactions<\/a><\/p>\n<p><strong>20. Accounting Standard-20, Earnings Per Share<\/strong><\/p>\n<p>20.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-and-calculation-of-eps\/\" target=\"_blank\" rel=\"noopener\">Presentation and Calculation of EPS<\/a><br>20.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-earnings-per-share\/\" target=\"_blank\" rel=\"noopener\">Basic Earnings per Share<\/a><br>20.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/diluted-earnings-per-share\/\" target=\"_blank\" rel=\"noopener\">Diluted Earnings Per Share<\/a><br>20.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/presentation\/\" target=\"_blank\" rel=\"noopener\">Presentation<\/a><\/p>\n<p><strong>21. Accounting Standard-21, Consolidated Financial Statements<\/strong><\/p>\n<p>21.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/consolidation-principles-under-as-21\/\" target=\"_blank\" rel=\"noopener\">Consolidation Principles under AS-21<\/a><br>21.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/circumstances-for-consolidated-financial-statements\/\" target=\"_blank\" rel=\"noopener\">Circumstances for Consolidated Financial Statements<\/a><br>21.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/loss-of-control\/\" target=\"_blank\" rel=\"noopener\">Loss of Control<\/a><br>21.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/consolidation-procedures\/\" target=\"_blank\" rel=\"noopener\">Consolidation Procedures<\/a><br>21.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/cost-of-control\/\" target=\"_blank\" rel=\"noopener\">Cost of Control<\/a><br>21.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/minority-interest\/\" target=\"_blank\" rel=\"noopener\">Minority Interest<\/a><br>21.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/other-points\/\" target=\"_blank\" rel=\"noopener\">Other Points<\/a><br>21.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disposal-of-holding\/\" target=\"_blank\" rel=\"noopener\">Disposal of Holding<\/a><br>21.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-8\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>22. Accounting Standard-22 Accounting for Taxes on Income<\/strong><\/p>\n<p>22.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/income-taxes-under-as-22\/\" target=\"_blank\" rel=\"noopener\">Income Taxes Under AS-22<\/a><br>22.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition\/\" target=\"_blank\" rel=\"noopener\">Recognition<\/a><br>22.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/measurement\/\" target=\"_blank\" rel=\"noopener\">Measurement<\/a><br>22.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/review-of-deferred-tax-assets\/\" target=\"_blank\" rel=\"noopener\">Review of Deferred Tax Assets<\/a><br>22.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-9\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><br>22.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/relevant-accounting-standards-interpretations\/\" target=\"_blank\" rel=\"noopener\">Relevant Accounting Standards Interpretations<\/a><\/p>\n<p><strong>23. Accounting Standard-23, Accounting for Investments in Associates in Consolidated<\/strong><\/p>\n<p>23.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-investment-in-associates\/\" target=\"_blank\" rel=\"noopener\">Accounting for Investment in Associates<\/a><br>23.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/associates-accounted-for-using-the-equity-method\/\" target=\"_blank\" rel=\"noopener\">Associates Accounted for Using the Equity Method<\/a><br>23.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contingencies\/\" target=\"_blank\" rel=\"noopener\">Contingencies<\/a><br>23.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-10\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><br>23.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/relevant-accounting-standards-interpretations-2\/\" target=\"_blank\" rel=\"noopener\">Relevant Accounting Standards Interpretations<\/a><\/p>\n<p><strong>24. Accounting Standard-24, Discounting Operations<\/strong><\/p>\n<p>24.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-discontinuing-operations-under-as-24\/\" target=\"_blank\" rel=\"noopener\">Accounting for Discontinuing Operations under AS-24<\/a><br>24.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/discontinuing-operation\/\" target=\"_blank\" rel=\"noopener\">Discontinuing Operation<\/a><br>24.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/initial-disclosure-event\/\" target=\"_blank\" rel=\"noopener\">Initial Disclosure Event<\/a><br>24.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition-and-measurement\/\" target=\"_blank\" rel=\"noopener\">Recognition and Measurement<\/a><\/p>\n<p><strong>25. Accounting Standard-25, Interim Financial Reporting<\/strong><\/p>\n<p>25.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/interim-financial-reporting\/\" target=\"_blank\" rel=\"noopener\">Interim Financial Reporting<\/a><br>25.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/selected-explanatory-notes\/\" target=\"_blank\" rel=\"noopener\">Selected Explanatory Notes<\/a><br>25.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/periods-for-which-interim-financial-statements-are-required-to-be-presented\/\" target=\"_blank\" rel=\"noopener\">Periods for which Interim Financial Statements are required to be presented<\/a><br>25.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/materiality\/\" target=\"_blank\" rel=\"noopener\">Materiality<\/a><br>25.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-in-annual-financial-statements\/\" target=\"_blank\" rel=\"noopener\">Disclosure in Annual Financial Statements<\/a><br>25.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-policies\/\" target=\"_blank\" rel=\"noopener\">Accounting Policies<\/a><br>25.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/revenue-received-seasonally-or-occasionally\/\" target=\"_blank\" rel=\"noopener\">Revenue Received Seasonally or Occasionally<\/a><br>25.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/applicability\/\" target=\"_blank\" rel=\"noopener\">Accounting Standards Interpretation (ASI 27): Applicability<\/a><\/p>\n<p><strong>26. Accounting Standard-26, Accounting for Intangible Assets<\/strong><\/p>\n<p>26.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-intangible-assets-in-as-26\/\" target=\"_blank\" rel=\"noopener\">Accounting for Intangible Assets in AS-26<\/a><br>26.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/intangible-assets\/\" target=\"_blank\" rel=\"noopener\">Intangible Assets<\/a><br>26.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition-and-initial-measurement-of-an-intangible-asset\/\" target=\"_blank\" rel=\"noopener\">Recognition and Initial Measurement of an Intangible Asset<\/a><br>26.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/separate-acquisition\/\" target=\"_blank\" rel=\"noopener\">Separate Acquisition<\/a><br>26.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/internally-generated-intangible-assets\/\" target=\"_blank\" rel=\"noopener\">Internally Generated Intangible Assets<\/a><br>26.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/cost-of-an-internally-generated-intangible-asset\/\" target=\"_blank\" rel=\"noopener\">Cost of an Internally Generated Intangible Asset<\/a><br>26.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/items-to-be-recognised-as-an-expense\/\" target=\"_blank\" rel=\"noopener\">Items to be Recognised as an Expense<\/a><br>26.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/amortisation-period\/\" target=\"_blank\" rel=\"noopener\">Amortisation Period<\/a><br>26.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/retirements-and-disposals\/\" target=\"_blank\" rel=\"noopener\">Retirements and Disposals<\/a><br>26.10. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-11\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>27. Accounting Standard-27, Financial Reporting of Interests in Joint Ventures<\/strong><\/p>\n<p>27.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-joint-ventures\/\" target=\"_blank\" rel=\"noopener\">Accounting for Joint Ventures<\/a><br>27.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contractual-arrangement\/\" target=\"_blank\" rel=\"noopener\">Contractual Arrangement<\/a><br>27.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/forms-of-joint-ventures\/\" target=\"_blank\" rel=\"noopener\">Forms of Joint Ventures<\/a><br>27.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/consolidated-financial-statements-of-a-venturer\/\" target=\"_blank\" rel=\"noopener\">Consolidated Financial Statements of A Venturer<\/a><br>27.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/transactions-between-a-venturer-and-joint-venture\/\" target=\"_blank\" rel=\"noopener\">Transactions between a Venturer and Joint Venture<\/a><br>27.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosures-4\/\" target=\"_blank\" rel=\"noopener\">Disclosures<\/a><\/p>\n<p><strong>28. Accounting Standard-28, Impairment of Assets<\/strong><\/p>\n<p>28.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/accounting-for-impairment-loss-under-as-28\/\" target=\"_blank\" rel=\"noopener\">Accounting for Impairment Loss under AS-28<\/a><br>28.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/assessment-2\/\" target=\"_blank\" rel=\"noopener\">Assessment<\/a><br>28.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/measurement-of-recoverable-amount\/\" target=\"_blank\" rel=\"noopener\">Measurement of Recoverable Amount<\/a><br>28.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/basis-for-estimates-of-future-cash-flows\/\" target=\"_blank\" rel=\"noopener\">Basis for Estimates of Future Cash Flows<\/a><br>28.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/composition-of-estimates-of-future-cash-flows\/\" target=\"_blank\" rel=\"noopener\">Composition of Estimates of Future Cash Flows<\/a><br>28.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/recognition-and-measurement-of-an-impairment-loss\/\" target=\"_blank\" rel=\"noopener\">Recognition and Measurement of an Impairment Loss<\/a><br>28.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/identification-of-the-cash-generating-unit\/\" target=\"_blank\" rel=\"noopener\">Identification of the Cash-Generating Unit<\/a><br>28.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/goodwill-2\/\" target=\"_blank\" rel=\"noopener\">Goodwill<\/a><br>28.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/corporate-assets\/\" target=\"_blank\" rel=\"noopener\">Corporate Assets<\/a><br>28.10. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/impairment-loss-for-a-cash-generating-unit\/\" target=\"_blank\" rel=\"noopener\">Impairment Loss for a Cash-Generating Unit<\/a><br>28.11. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/disclosure-12\/\" target=\"_blank\" rel=\"noopener\">Disclosure<\/a><\/p>\n<p><strong>29. Accounting Standard-29, Provisions, Contingent Liabilities, and Contingent Assets<\/strong><\/p>\n<p>29.1. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/as-29-provisions-contingent-liabilities-and-contingent-assets\/\" target=\"_blank\" rel=\"noopener\">AS-29 Provisions, Contingent Liabilities, and Contingent Assets<\/a><br>29.2. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/provisions\/\" target=\"_blank\" rel=\"noopener\">Provisions<\/a><br>29.3. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/present-obligation\/\" target=\"_blank\" rel=\"noopener\">Present Obligation<\/a><br>29.4. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/reliable-estimate-of-the-obligation\/\" target=\"_blank\" rel=\"noopener\">Reliable Estimate of the Obligation<\/a><br>29.5. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contingent-liabilities\/\" target=\"_blank\" rel=\"noopener\">Contingent Liabilities<\/a><br>29.6. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/contingent-assets\/\" target=\"_blank\" rel=\"noopener\">Contingent Assets<\/a><br>29.7. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/future-events\/\" target=\"_blank\" rel=\"noopener\">Future Events<\/a><br>29.8. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/expected-disposal-of-assets\/\" target=\"_blank\" rel=\"noopener\">Expected Disposal of Assets<\/a><br>29.9. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/reimbursements\/\" target=\"_blank\" rel=\"noopener\">Reimbursements<\/a><br>29.10. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/changes-in-provisions\/\" target=\"_blank\" rel=\"noopener\">Changes in Provisions<\/a><br>29.11. <a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/application-of-the-recognition-and-measurement-rules\/\" target=\"_blank\" rel=\"noopener\">Application of the Recognition And Measurement Rules<\/a><\/p>\n\n\n<h3 class=\"wp-block-heading\"><strong>Preparation Guide for Vskills Certified GAAP Professional<\/strong><\/h3>\n\n\n\n<p>Candidates preparing for the exam should understand the importance of exam resources. During the exam preparation, it is essential to get all the required exam study resources. This will provide an advantage to understand the concepts and meaning more accurately. In the <a href=\"https:\/\/www.vskills.in\/certification\/gaap-professional-certification\" target=\"_blank\" rel=\"noreferrer noopener\">Certified GAAP Professional<\/a> exam<strong> <\/strong>preparation guide, we will discuss some of the most important resources to help you prepare well for the exam.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-study-guide.png\" alt=\"Certified GAAP Professional study guide\" class=\"wp-image-81659\" width=\"750\" height=\"1333\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-study-guide.png 1080w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-study-guide-169x300.png 169w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-study-guide-576x1024.png 576w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Study Resource: Exam Objectives<\/strong><\/h4>\n\n\n\n<p>For every examination, the first task should be to get all the exam related details including the important contents and its topic. This will help candidates to easily start preparing for the exam and to understand things more accurately. For the Certified GAAP Professional exam the topics include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Accounting Standard-1, Disclosure of Accounting Policies<\/li><li>Accounting Standard-2, Valuation of Inventories<\/li><li>Accounting, Standard-3, Cash Flow Statement<\/li><li>Accounting Standard-4, Contingencies and Events Occurring<\/li><li>Accounting Standard-6, Depreciation<\/li><li>Accounting Standard-7, Construction Contracts<\/li><li>Accounting Standard-9, Revenue Recognition<\/li><li>Accounting Standard-10, Accounting for Fixed Assets<\/li><li>Accounting Standard-11, Changes in Foreign Exchange Rates<\/li><li>Accounting Standard-12, Accounting for Government Grants<\/li><li>Accounting Standard-13, Accounting for Investments<\/li><li>Accounting Standard-14, Accounting for Amalgamations<\/li><li>Accounting Standard-15, Employee Benefits<\/li><li>Accounting Standard-16, Borrowing Costs<\/li><\/ul>\n\n\n\n<p><strong>Refer: <a href=\"https:\/\/www.vskills.in\/certification\/sample-material\/vs-1127-certified-gaap-professional.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Certified GAAP Professional Sample Tests<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Study Resource: Vskills Online LMS<\/strong><\/h4>\n\n\n\n<p>Vskills <strong>&nbsp;<\/strong>Certified GAAP Professional provides candidates access to prepare for the exam using the online learning material for a lifetime. The online material for this is regularly updated. Furthermore, e-learning is bundled with hard copy material which helps candidates to improve and update the learning curve for superior and better opportunities.<\/p>\n\n\n\n<p><strong>Refer: <a href=\"https:\/\/www.vskills.in\/certification\/brochure\/vs-1127-certified-gaap-professional-brochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Certified GAAP Professional<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Study Resource: Books for Reference<\/strong><\/h4>\n\n\n\n<p>Reference Books can provide an advantage to learn and understand things more accurately. For the Certified GAAP Professional exam, there are various books available which you can find online or in libraries. Some of the books are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><em>Wiley GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles Book by Joanne M. Flood<\/em><\/li><li><em>GAAP Guide (2020) Book by Jan R. Williams and Joseph V Carcello<\/em><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Study Resource: Practice Test<\/strong><\/h4>\n\n\n\n<p>After understanding and learning about the Certified GAAP Professional exam topics, it is time for practice tests. That is to say, practice tests are important for better preparation as by assessing yourself with these tests you will know about your weak and strong areas. Moreover, you improve your answering skills for getting better results. So, make sure to find the best practice sources.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.vskills.in\/practice\/gaap\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-prac-tests.png\" alt=\"Certified GAAP Professional free tests\" class=\"wp-image-81661\" width=\"900\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-prac-tests.png 961w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/11\/GAAP-prac-tests-300x47.png 300w\" sizes=\"(max-width: 961px) 100vw, 961px\" \/><\/a><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Prepare for Job Interview<\/strong><\/h4>\n\n\n\n<p>If you are looking for a role in GAAP Accounting, then you should checkout these interview questions which might help you to ace the job interview. Checkout now !<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.vskills.in\/interview-questions\/gaap-interview-questions\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"150\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/04\/GAAP-Interview-Questions.png\" alt=\"GAAP Accounting Interview Questions\" class=\"wp-image-112751\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/04\/GAAP-Interview-Questions.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/04\/GAAP-Interview-Questions-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GAAP Professionals are responsible for governing the world of accounting according to general rules and guidelines. That is to say, it attempts to standardize and regulate the definitions, assumptions, and methods used in accounting across all industries. However,&nbsp; the main motive of GAAP is to ensure a company&#8217;s financial statements are complete, consistent, and comparable.&nbsp;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[4,7201],"tags":[5855,5854,5852,5853,42],"class_list":["post-40993","page","type-page","status-publish","hentry","category-accounting-banking-finance","category-gaap","tag-gaap-accounting","tag-gaap-accounting-certification","tag-gaap-accounting-standards","tag-gaap-accounting-standards-professional","tag-m4f"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Certified GAAP Professional - Vskills OnllineTutorial<\/title>\n<meta name=\"description\" content=\"Take the Certified GAAP Professional Exam and boost your chances and become job-ready. 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