This course is recognized by the National Skill Development Corporation, a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India. You will receive a certificate cobranded by NSDC and Skill India on successful completion.
Key Highlights
Broad Accessibility: Suitable for students from fields like commerce, economics, finance, and accounting.
US GAAP Proficiency: Master US Generally Accepted Accounting Principles and key accounting software to access US-based accounting roles.
Remote Job Opportunities: Ideal for degree holders (CA, CS, MBA) looking to tap into the expanding remote job market.
Income Potential: Earn up to $2000 per month with growth opportunities, ideal for students and remote professionals.
What is unique about this course
- US Accounting Skills: Gain a broad set of skills in US accounting and bookkeeping, preparing you for remote freelance opportunities and global client acquisition.
- Learn Key Software: Master essential tools like QuickBooks, Xero, and Zoho by the end of the course.
- Market-Specific Expertise: Acquire capabilities tailored to the needs of small to medium-sized US businesses, as well as law and CPA firms.
- Profile Building Assistance: Get help creating professional profiles on platforms like Upwork, Fiverr, and LinkedIn.
- Interactive Expert-led Classes: Participate in dynamic classes with expert guidance and real-time doubt resolution.
- Personalized Support and Feedback: Benefit from a dedicated course anchor and receive actionable feedback on assignments to improve your performance.
Introduction
Remote accounting work for US SMEs, startups, CPAs, and clients is an excellent opportunity for those with a background in commerce, economics, finance, or accounting—including college students without CA, CS, or MBA degrees.
- Cost Advantage: Compete effectively with US accountants who charge up to $300/hr by offering services at $10/hr.
- Ease of Access: Post-pandemic, remote work acceptance has broadened job opportunities beyond traditional fields like coding.
- Earning Potential: Work 200 hours per month at $10/hr to earn up to $2000.
- Practical Requirements: Just need to know US GAAP and use accounting software like Quickbooks, Xero, Wave, and Zoho Books.
Who should take this course
- Students in Relevant Fields: Commerce, accounting, finance, economics, or taxation students in college seeking additional income.
- Remote Job Seekers: Graduates or professionals from a commerce background (BCom/MCom) looking for remote work opportunities.
- Income Boost Seekers: Individuals earning less than 1 lakh per month who want to increase their earnings.
- Aspiring International Freelancers: Anyone from commerce, finance, accounting, or economics backgrounds aiming to build an international freelance career.
- Home-Based Professionals: Those needing to work from home with access to a computer and stable internet connection.
Learning Objectives
- GAAP Proficiency: Develop a thorough understanding of GAAP to govern U.S. financial reporting and accounting practices.
- Financial Statement Mastery: Learn to create and analyze financial statements effectively.
- Software Proficiency: Master essential accounting software like Quickbooks, Xero, and Zoho for efficient bookkeeping.
- Financial Reconciliation Skills: Gain skills in payroll processing and bank reconciliations to ensure accurate financial records and compliance.
Money-back guarantee
If you take this course, follow it diligently for a month, do all the exercises but still do not find value in it, or not able to understand or follow it or not find it good for any reason, we will refund the entire course fee to you. It is a 100% money-back guarantee with only one condition, you must pursue it properly for a month. If you don’t find it valuable after that, get your entire money back.
Testimonials
With over 5 years of experience in US tax, and accounting. Dushaynt joined Skill Arbitrage in May 2023 to secure international freelancing projects. By July 2023, with the support of the Skill Arbitrage team, He secured his first freelancing project on Fiverr. He has completed 7 projects on Fiverr and he earned a total of $5100. These projects not only validated his skills but also served as a testament to the effectiveness of skill arbitrage in connecting freelancers with opportunities.
Dushyant Hirwani
In January 2023, Priya began a career transition with LawSikho, moving from the Indian to the US market. With over 5 years of experience in accounting and tax compliance, she updated her LinkedIn profile with the team and secured her first US freelancing project. She faced numerous challenges, completing 6-7 projects from LinkedIn and Twitter, and earning $4000 from the US Market. In March 2024, she registered her LLC, marking a significant milestone. Grateful for the team's support, Priya's journey exemplifies resilience and growth.
Priya Jain
Training Methodology
Live Online Classes
Engage in video-based online classes where you can interact, ask questions, and receive personal feedback.
Convenient Class timings
Classes are scheduled post-work hours, typically on Sunday afternoons or weeknights at 8-9 PM.
Take-home assignments
Each session includes a relevant take-home assignment to reinforce learning through practical application.
Feedback Sessions
Benefit from weekly follow-up sessions to receive feedback and resolve doubts both live and via online forums.
Online Faculty
Potential Employers or Clients
- Public accounting firms
- Freelancing
- Corporate finance departments
- Small and Medium size companies
- Startups
- Non-Profit Organizations
- CPA’s
- Industry-specific roles
- Anyone who is doing business
Syllabus
How to use internationally accepted accounting softwares like Quickbooks, Xero, Wave and Zoho Books for book-keeping, accounting and reporting
Estimates
Invoices and bills
Orders and Purchases
Receipts
Inventory
Setting up vendors
Loans
Credit memos
Budgets
Reconciliation of bank statements
Taxes
Reports
How to transition to prepare financial statements as per US GAAP for Indian graduates, students and accountants
Key principles under US GAAP
How US GAAP is different from IFRS
Recap of basic principles of accounting for beginners - IFRS, IndAS & US GAAP
Key aspects of difference in preparation of financial statements:
Financial disclosures
Assets and Liabilities
Reporting of income and expense
Cash flows for the period
How to recast accounts prepared on the basis of IndAS or IFRS to US GAAP (practice assignments)
Disclosures of financial Statements under US GAAP
Income statement
Balance Sheet and related disclosures
The Cash Flow Statement
Principles of accounting for assets under US GAAP
Acquired intangible assets
Internally generated intangible assets
Property, plant and equipment
Non-current assets held for sale or disposal group
Leases
Impairment of assets
Capitalised of borrowing cost
Investment property
Inventories
Biological assets
Financial assets
Derecognition of financial assets
Principles of accounting for liabilities
General Provisions
Restructuring Provisions
Contingencies
Deferred income taxes - general approach
Government grants
Lease accounting
Convertible debt
Derecognition of financial liability
Revenue Recognition under US GAAP (vs. IFRS and IndAS)
Revenue recognition
Construction contracts
Multiple-element contracts
Expense Recognition under US GAAP (vs. IFRS and IndAS)
Depreciation
Interest expense
Employee benefits
Employee share compensation
Termination benefits
Preparing consolidated financial statements under US GAAP (vs. IFRS and IndAS)
Equity instruments
Capital instruments
Dividends on ordinary equity shares
Derivatives and hedging
Derivatives and other financial instruments (cash flow and fair value hedges)
Derivatives and other financial instruments (net investment hedges)
Other accounting and reporting topics
Functional currency and presentation currency
How to account for financials in a hyperinflationary economy
Earnings-per-share (diluted)
Related party transaction
Related party transactions
Segment reporting
Discontinued operations
Post-balance-sheet events
Interim financial reporting
Course Plan
Standard
₹ 63000
incl. of all charges
2 online live class/ week (24 weeks)
2 practical assignments per week (24 weeks)
Get digital access to entire study material
Access on LMS, Android & iOS app
Instructor feedback on assignments
Doubt clearing on LMS & classes
Instructor led course with online live classes (recordings available)
Online exams (give exams as per your convenience on given time slots)
Certificate (by courier)
Training for writing and publishing articles
Access to updated content online for 3 years
Doubt clearing within 24 hours