Fixed Asset Accounting

Price: $111.00

CPE Credits: 12.0

Category:

Course Number: AAFAACSB

fixed asset accounting

Description:
Fixed Asset Accounting addresses both the GAAP and IFRS accounting for all aspects of fixed assets, including their initial purchase, impairment, revaluation, and disposal. The course also covers the disclosure of fixed asset information, as well as related controls, measurements, record keeping, and policies and procedures. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2014
Updated: January 2017

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the general classifications of fixed assets.
  • Identify the concepts used to evaluate fixed assets in the capital budgeting process.
  • Note the accounting rules for the initial recognition of fixed assets.
  • Cite the situations under which interest can be capitalized.
  • Note the scenarios under which asset retirement obligations should be used and valuations assigned.
  • Identify the methods used to depreciate fixed assets.
  • Cite the instances in which the recorded amount of fixed assets may be adjusted at a later date.
  • Note the accounting for an asset impairment.
  • Note the accounting for assets to be derecognized in the accounting records.
  • State the types of disclosures related to fixed assets.
  • Cite the accounting rules related to the recordation of fixed asset transactions by not-for-profit entities.
  • State the account structures and record keeping used for fixed assets.
  • Recognize the controls to be used under specific circumstances when fixed assets are involved.
  • Note the reasons for using fixed asset policies, and the circumstances under which certain policies and procedures are needed or not needed.
  • Identify the methods used to track fixed assets, and the circumstances under which they are most useful.
  • State the measurements that can be applied to fixed assets, and the circumstances under which they should be used.
  • Note the fixed asset audit procedures that an auditor may employ, and the reasons for using them.

 

Overall Course Rating: 5 Stars.  “This course was excellent a little too much on IFRS which I think won’t be relevant to US accountants for some time. – Charles S. 5/2017

5 Star CPE Rating

Description:
Fixed Asset Accounting addresses both the GAAP and IFRS accounting for all aspects of fixed assets, including their initial purchase, impairment, revaluation, and disposal. The course also covers the disclosure of fixed asset information, as well as related controls, measurements, record keeping, and policies and procedures. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2014
Updated: January 2017

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the general classifications of fixed assets.
  • Identify the concepts used to evaluate fixed assets in the capital budgeting process.
  • Note the accounting rules for the initial recognition of fixed assets.
  • Cite the situations under which interest can be capitalized.
  • Note the scenarios under which asset retirement obligations should be used and valuations assigned.
  • Identify the methods used to depreciate fixed assets.
  • Cite the instances in which the recorded amount of fixed assets may be adjusted at a later date.
  • Note the accounting for an asset impairment.
  • Note the accounting for assets to be derecognized in the accounting records.
  • State the types of disclosures related to fixed assets.
  • Cite the accounting rules related to the recordation of fixed asset transactions by not-for-profit entities.
  • State the account structures and record keeping used for fixed assets.
  • Recognize the controls to be used under specific circumstances when fixed assets are involved.
  • Note the reasons for using fixed asset policies, and the circumstances under which certain policies and procedures are needed or not needed.
  • Identify the methods used to track fixed assets, and the circumstances under which they are most useful.
  • State the measurements that can be applied to fixed assets, and the circumstances under which they should be used.
  • Note the fixed asset audit procedures that an auditor may employ, and the reasons for using them.

 

Overall Course Rating: 5 Stars.  “This course was excellent a little too much on IFRS which I think won’t be relevant to US accountants for some time. – Charles S. 5/2017

5 Star CPE Rating

  • “I am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

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