Essentials of Asset Accounting ON DEMAND
Available Until
Your Desk
5.0 Credits
Member Price $145.00
Non-Member Price $167.00
Overview
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, 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.
Highlights
Accounting for Receivables. Accounting for Investments. Accounting for Inventory. Accounting for Property, Plant, and Equipment. Accounting for Intangibles.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the key requirements of accounting for receivables. Cite the accounting for investment transfers and the impairment of securities. Identify the tracking and cost accumulation systems used for inventory. State the valuation and depreciation rules applicable to fixed assets. Identify the rules regarding goodwill impairment and the capitalization of intangible assets.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
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).
Non-Member Price $167.00
Member Price $145.00