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Course/Product Description
Title:

The Complete Guide to Fixed Asset Accounting

SKU:WC-1011223
Date / Time: Recorded
Format: Webinar
Description:

Fixed assets are subject to an unusually large amount of record keeping, as well as somewhat different accounting treatment under the GAAP and IFRS accounting frameworks. Further, given the large expenditures involved in fixed assets and the complexity of the accounting, you can expect a high degree of auditor interest in this area.

This course addresses all aspects of fixed asset accounting, including the most complex topics: asset impairments, asset retirement obligations, and asset revaluations. It also addresses key controls, policies, and metrics. This is the most comprehensive fixed asset accounting course available!

Learning Objectives:

Upon successful completion of this course, participants will be able to:

  • Differentiate between an expense and a fixed asset, as well as to be able to further classify a fixed asset into a fixed asset category.
  • Describe the methods used to evaluate a capital budgeting proposal.
  • Explain when you should capitalize interest, and how to calculate it.
  • Determine how to calculate the cost of an asset retirement obligation.
  • Describe how to calculate the depreciation of fixed assets.
  • Describe how to test and account for asset impairment.
  • Determine when a not-for-profit entity should capitalize a contributed asset, as well as the correct valuation at which to record it, and whether to depreciate it.
  • Explain the types of controls needed to avoid the improper acquisition, recordation, and disposition of fixed assets.
  • Explain the various fixed asset measurements that can be used to gain a greater understanding of the adequacy, return on, and utilization of fixed assets.
  • Explain the objectives and procedures used by auditors for fixed asset audits.

Presenter

Steven M. Bragg, CPA,, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst &Young and an auditor at Deloitte &Touche. He received a master's degree in finance from Bentley College, an MBA from Boston College, and a bachelor's degree in economics from the University of Maine.

He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Control Best Practices and Accounting Policies and Procedures Manual.


NASBA Field of Study: Accounting
CPE Credit: 5
Breaks: Every 50 minutes for the first 3 hours
Level: Basic


CPE Credit

Western CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a member of the Registry and QAS programs; as such, our CPE credits are accepted in all 50 states. However, CPE credits in different states may vary, so please check with your state board. New York and Texas require sponsors to individually register with their state as continuing education sponsors. We're registered sponsors in New York (sponsor ID number: 001353) and Texas (sponsor ID number: 006477).

Your certificate of completion will be emailed to you within 1 business day of successful completion of the webcast.


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:CPE- Webcast
All US States: 4
All Canadian Provinces: 4

CPE- OnDemand
All US States: 5
All Canadian Provinces: 5
About The Provider: Western CPE is a leader in accounting, auditing, fraud, finance, taxation, ethics, computer, estate planning, government, nonprofit accounting and auditing, and personal development continuing professional education (CPE and CE).

We offer training for CPAs, CFP® professionals, accountants, enrolled agents, and affiliated tax and financial professionals through: resort conferences, theme conferences, federal tax update seminars, federal and California tax update seminars, accounting and auditing seminars, Webcasts, self-study courses, and in-house training.
More Info: Contact Us For More Information
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Keywords For This Course:

Accounting, Fixed Assets

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