When a business buys (or otherwise obtains) an asset, it falls to the accountant to record and follow the asset through its life and eventual disposal. This multi-year activity requires the development of cost-effective accounting systems that address classification, adjustment, and disclosure. The accountant is tasked with ongoing scrutiny and adjustment of what can be hundreds - even thousands - of complex items, some of which don't even have physical substance. The design of efficient, cost-effective systems defines the art of accounting for assets; you'll learn how to achieve this and much more from Steven M. Bragg.
In this course - a breakout of Steven's bestselling Accountants' Guidebook - we'll take an in-depth look at how to work within the GAAP requirements of accounting for assets and examine suggestions and techniques for navigating this complex topic. We offer this course as a convenience for those of you who are interested in studying Essentials of Asset Accounting as a standalone topic.
This course covers material also contained in Accountants' Guidebook.
Upon successful completion of this course, participants will be able to:
- Identify the key requirements of accounting for receivables
- Cite the accounting for investment transfers and the impairment of securities
- Identify the tracking and cost accumulation systems used for inventory
- State the valuation and depreciation rules applicable to fixed assets
- Identify the rules regarding goodwill impairment and the capitalization of intangible assets
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Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.
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