Basics of Asset Valuation (Completed)

Date: Wednesday, August 28, 2019
Instructor: Tom Coghlan
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Correct asset valuation is a key element of good financial reporting. Issues with accounts receivables, inventory and securities are typically among the top 10 reasons why publicly traded companies restate earnings.

In this webinar we will review the basics of asset valuation, examining key concepts and issues related accounts receivable, inventory, debt securities, and equity securities.

We will also examine several high-profile accounting scandals caused by moving costs that belonged on the income statement to the balance sheet, often for several years.

Who Should Attend
Financial officers, controllers and chief financial officers; financial, managerial and cost accountants; financial and business analysts; budget managers and analysts; risk managers; chief information officers and information technology professionals.

Topics Covered

  • Valuation of Accounts Receivable
  • Valuation of Inventory
  • Inventory Errors and Write-Downs
  • Debt and Equity Securities

Learning Objectives

  • Identify issues related to the valuation of accounts receivables, including timing of recognition estimation of uncollectible amounts
  • Differentiate between the percent of sales and percent of receivables approaches in calculating the allowance for uncollectible accounts
  • Identify issues in inventory valuation including which goods and costs to include
  • Identify and compare the periodic and perpetual inventory systems
  • Recognize and analyze the impact of inventory errors
  • Describe the lower of cost or market rule to value inventory
  • Identify the characteristics of debt and equity securities
  • Recognize 3 types of security classifications: Held-to-maturity, trading, and available-for-sale

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

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