Author(s)
Kelen F. Camehl, CPA, MBA

Publisher:
AICPA

    Credit Info
  • NASBA Field of Study

  • Format

    On demand

  • Level

  • CPE Credit

    0

  • Course acronym

  • Prerequisites

  • Course duration

    1.5 Hours

Other Assets, Property, Plant and Equipment, and Intangibles

This course reviews U.S. GAAP accounting for the following: a category of assets commonly referred to as “other assets”; property, plant and equipment (PP&E); and intangible assets, including goodwill. It provides examples of journal entries for asset purchases and disposals, as well as application of alternative methods for depreciation.
$47.20
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blankTopics discussed

• Accounting for other assets
• Accounting for property, plant and equipment
• Accounting for intangible assets
• Goodwill
• Journal entries

blankLearning objectives

• Identify types of cash equivalents and accounts receivable.
• Differentiate between methods used for bad debts write-offs.
• Recall the differences between perpetual and periodic inventory systems.
• Compare FIFO, LIFO, and weighted-average inventory cost methods.
• Recognize disclosures requirements regarding inventory.

blank Who will it benefit?

Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals.