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Balance Sheet: Reporting Assets

Icon_Self-Study
QAS Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
5 Credits: Accounting

Course Description

An asset is an item of economic value expected to yield a benefit to the owing entity in future periods. To provide information about liquidity, assets are divided into current and noncurrent assets on the balance sheet. A current asset, such as cash, account receivable, and prepaid expenses, is expected to be consumed within one year, while noncurrent assets, such as long-term investments, property, plant and equipment, and intangible assets, are to be consumed in more than one year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent assets on the balance sheet.  The course is designed to help you navigate common asset accounts with specific examples to illustrate the application.

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.

Course Specifics

Course ID
122319581
Revision Date
January 27, 2023
Number of Pages
126
Prerequisites

Basic Accounting

Advanced Preparation

None

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)

Course Instructor

Delta CPE LLC

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.

Balance Sheet: Reporting Assets

Expert Instructors
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear
Icon_Self-Study
QAS Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
5 Credits: Accounting

Course Description

An asset is an item of economic value expected to yield a benefit to the owing entity in future periods. To provide information about liquidity, assets are divided into current and noncurrent assets on the balance sheet. A current asset, such as cash, account receivable, and prepaid expenses, is expected to be consumed within one year, while noncurrent assets, such as long-term investments, property, plant and equipment, and intangible assets, are to be consumed in more than one year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent assets on the balance sheet.  The course is designed to help you navigate common asset accounts with specific examples to illustrate the application.

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.

Course Specifics

Course ID
122319581
Revision Date
January 27, 2023
Number of Pages
126
Prerequisites

Basic Accounting

Advanced Preparation

None

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)

Course Instructor

Delta CPE LLC

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.

Balance Sheet: Reporting Assets

Expert Instructors
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear