Price range: $58.00 through $78.00
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 Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course provides an overview of how U.S. GAAP applies to fixed assets. It explores important topics such as how and when to recognize assets, how to measure and depreciate them, and what to consider when assets are impaired or held for sale. The course also addresses the accounting for asset sales and abandonments, including how to determine and report gains or losses.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify capitalizable costs and assets qualifying for interest capitalization
- Determine interest eligible for capitalization and impairment triggers
- Recognize depreciation methods, impairment steps, and sale criteria
- Identify impacts of changes in depreciation or useful life
- List held-for-sale criteria and differentiate asset classifications
- Identify key disclosure requirements under ASC 360
Course Specifics
SS125446934
October 2, 2025
There are no prerequisites.
None
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Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
