CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Essentials of Asset Accounting

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Accounting

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.

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

Course Specifics

Course ID
1143394
Revision Date
August 6, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Essentials of Asset Accounting

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Accounting

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.

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

Course Specifics

Course ID
1143394
Revision Date
August 6, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Essentials of Asset Accounting

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear