US GAAP EXPLAINED: A Practical Guide to U.S. Accounting Standards - Book 4: Financial Reporting, EPS & Advanced Disclosures

US GAAP EXPLAINED: A Practical Guide to U.S. Accounting Standards — Book 4 completes the four-book series by LAFP Consulting with a practical guide to financial reporting, earnings per share, subsequent events, related-party transactions, and financial statement disclosures.

Designed for accountants, finance professionals, controllers, auditors, CPA candidates, students, and international professionals working with U.S. companies, this volume combines practical explanations, examples, common mistakes, and review checklists.

WHAT YOU WILL LEARN

Chapter 16 — Cash Flow Statements (ASC 230)
Understand operating, investing, and financing cash flows, the relationship between cash flow and net income, and how to assess liquidity and cash generation.

Chapter 17 — Earnings Per Share (ASC 260)
Explore basic and diluted EPS, weighted-average shares outstanding, and the effects of potentially dilutive securities.

Chapter 18 — Subsequent Events (ASC 855)
Learn how to evaluate events occurring after the balance sheet date and determine their potential accounting and disclosure implications.

Chapter 19 — Related Parties (ASC 850)
Identify related-party relationships and understand the reporting considerations for transactions involving owners, management, affiliates, and other connected entities.

Chapter 20 — Financial Statement Disclosures
Review key disclosure topics, including accounting policies, estimates, risks, contingencies, income taxes, fair value, commitments, and subsequent events.

A PRACTICAL APPROACH TO US GAAP

This book explains how accounting standards work together to support consistent, transparent, and useful financial reporting. It also discusses selected differences between U.S. GAAP and IFRS, helping readers understand different approaches to financial reporting.

COMPLETE THE FOUR-BOOK SERIES

• Book 1: Fundamentals, financial statements, revenue recognition, inventory, and property, plant, and equipment.

• Book 2: Intangible assets, goodwill, leases, financial instruments, investments, and income taxes.

• Book 3: Stock-based compensation, contingencies, foreign currency, business combinations, and consolidation.

• Book 4: Cash flow statements, EPS, subsequent events, related parties, and financial statement disclosures.

Together, the four books provide a structured introduction to major areas of U.S. accounting standards and their practical application.

Whether you are preparing financial statements, reviewing disclosures, studying accounting, or strengthening your professional knowledge, US GAAP EXPLAINED — Book 4 offers a practical reference for understanding the final topics in the series.

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Professional Accounting Series