There are no prerequisites.

Course Description

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.


Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

Course Specifics

Sep 11, 2018
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the key requirements of accounting for receivables

Chapter 2

  • Cite the accounting for investment transfers and the impairment of securities

Chapter 3

  • Identify the tracking and cost accumulation systems used for inventory

Chapter 4

  • State the valuation and depreciation rules applicable to fixed assets

Chapter 5

  • Identify the rules regarding goodwill impairment and the capitalization of intangible assets

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

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.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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