Financial Reporting Issues

Balance Sheet: Fixed Assets v3.0

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 non-current 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 non-current 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 fixed assets (property, plant & equipment) on the balance sheet.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Recognize basic principles of reporting assets on the balance sheet.
  • Recognize how to account for and report fixed assets.


  • Prerequisites/Advanced Preparation:

    Basic Accounting


    Speaker / Author:

    Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

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    Price (USD)

    Standard: $24.95

    Details

    Course Code : 99DEL36-v3

    Release Date : 03/05/2022
    Expire Date : 03/31/2024
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Intermediate
    Course Type : QAS Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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