CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Essentials of Asset Accounting

Manage the full lifecycle of business assets under GAAP guidelines.

Individual
Teams

$145.00$175.00

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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

5 Credits: Accounting
Course Level
Overview
Format
Self-Study

Course Description

This comprehensive online self-study CPE course, expertly presented by Steven M. Bragg, offers an invaluable deep dive into the essentials of asset accounting. It’s designed for professionals seeking to enhance their skills in managing the lifecycle of business assets within GAAP guidelines. The course covers key aspects such as accounting for receivables, investment transfers, inventory tracking systems, and the valuation and depreciation of fixed assets. Participants will benefit from Bragg’s insights into more complex areas like goodwill impairment and the capitalization of intangible assets. The course is structured to provide not only theoretical understanding but also practical techniques for navigating the complexities of asset accounting. By completing this online CPE course, participants will gain a robust understanding of effective asset management, enhancing their capability to implement cost-effective accounting systems in their professional practices.

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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
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Course Specifics

Course ID
1143394
Revision Date
October 14, 2022
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
112

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …