GAAP and Expense Recognition

Live Webinar or Recording

September 30, 2025, 2:00 pm - 3:40 pm Eastern

Credit: CPE: 2, ATATX: 1.5 (Live Only)

Understanding the true financial performance of an organization depends heavily on proper expense recognition, as outlined by Generally Accepted Accounting Principles (GAAP). At the heart of this process is the matching principle, which ensures that expenses are recorded in the same period as the revenues they help to generate. This webinar will examine how the accrual accounting principle supports this approach and explore how matching drives more accurate profitability measurements. Participants will gain valuable insights into the GAAP rules governing expense recognition and how to apply them in various business contexts.

This session will walk through practical examples and challenges in aligning expenses with revenues, especially in areas such as fixed assets, inventory, and warranties. It will also address how expense recognition plays out in long-term projects, how revenue recognition standards influence expense timing, and how tax regulations factor into the equation. In addition, attendees will learn how technological tools, including AI, are enhancing the accuracy and efficiency of expense recognition practices.

Topics Covered:

• The matching principle and its importance in financial reporting
• Fixed assets, inventory, and warranty expense recognition
• Long-term project accounting challenges
• Revenue recognition’s influence on expense reporting
• Role of AI and technology in streamlining expense processes
• Tax compliance and GAAP alignment

Your Benefits For Attending:

• Understand the importance of the matching principle and its foundational role in GAAP accounting.
• Learn how to apply expense recognition techniques to real-world scenarios involving fixed assets, warranties, and inventory.
• Explore the relationship between revenue recognition and expense timing for long-term projects.
• Discover how modern technology, including AI, is being used to improve expense recognition accuracy.
• Gain clarity on how tax rules intersect with GAAP-based expense recognition.

By attending this session, you'll be better equipped to ensure that your organization's financial reporting aligns with GAAP standards and reflects true economic performance—an essential skill for accounting and finance professionals.

Who Would Benefit From This Webinar:

• Accountants and auditors
• Financial analysts
• Controllers and CFOs
• Tax professionals
• Finance professionals involved in project accounting or compliance

Level: Beginner/IntermediateFormat: Live webcastInstructional Method: Group: Internet-basedNASBA Field of Study: Accounting (2 hours)Program Prerequisites: NoneAdvance Preparation: None

Guest Speaker: Chuck Borek - The Borek Group, LLC

Level: Basic

Format: Live Webcast

Field of Study: Accounting

Program Prerequisites: None

Advanced Preparation: None

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.