CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Balance Sheet: Reporting Assets

5 Credits: Accounting

$145.00$175.00

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Balance Sheet: Reporting Assets

Format
Self-Study
Course Level
Intermediate
CPE Credits

5 Credits: Accounting

Course Description

Navigating the reporting of assets on a balance sheet can be a complex and nuanced task for any financial professional. The challenge lies in accurately categorizing assets as current or noncurrent, which is crucial for providing clear information about an entity’s liquidity. This course agitates the common difficulties and misconceptions in asset reporting under GAAP, offering a clear path to mastering this essential skill. The solution is presented through this comprehensive course, designed to simplify and clarify the principles of asset reporting. Participants will learn to distinguish between current and noncurrent assets, with a focus on practical application and real-life examples. From cash and accounts receivable to inventory balances and intangible assets, this course offers step-by-step guidance, ensuring that participants can confidently apply these principles in their professional roles.

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Learning Objectives

After completing this course, you should be able to:

  • Recognize basic principles of reporting assets on the balance sheet;
  • Identify accounting procedures for cash and accounts receivable;
  • Recognize how to how to compute inventory balances;
  • Identify the reporting requirements of debt securities;
  • Recognize how to account for and report tangible assets; and
  • Identify accounting procedures for amortizing intangible assets.
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Course Specifics

Course ID
122319581
Revision Date
January 27, 2023
Prerequisites

Basic Accounting

Advanced Preparation

None

Number of Pages
126

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

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.