CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Accounting for Freight

1 Credits: Accounting

$29.00$49.00

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Accounting for Freight

Format
Self-Study
Course Level
Overview
CPE Credits

1 Credits: Accounting

Course Description

The cost of freight plays a significant role in the reported profitability of many businesses that deal in tangible goods. It may be added to the cost of inventory and fixed assets, or reported separately for lesser amounts, and may be billed through to customers – perhaps with a profit margin added to it. In the Accounting for Freight course, we explore all aspects of the accounting for freight, including the treatment of freight-in and freight-out, its presentation in the financial statements, applicable controls, and more.

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Learning Objectives

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

  • Identify the different types of freight shipping arrangements.
  • Specify the accounting for freight-in and freight-out.
  • Recall how freight-in applies to the accounting for fixed assets.
  • Specify the rules for classifying freight billings to customers.
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Course Specifics

Course ID
SS124384138
Revision Date
May 16, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
31

Compliance Information

NASBA Provider Number: 103220

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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …