Fixed Asset Accounting (Completed)

Date: Friday, December 13, 2019
Instructor: Robert K Minniti
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

This course is designed for individuals who would like to obtain a basic understanding of accounting for fixed assets. We will walk through the accounting cycle for fixed assets starting with posting transactions to record the acquisition of fixed assets, determining the useful life of a fixed asset, calculating and posting depreciation and finally posting transactions for the sale or disposition of a fixed asset. This course is designed for staff level accountants or others looking for a refresher course in fixed asset accounting.

Who Should Attend
Individuals who would like to obtain a basic understanding of accounting for fixed assets. Staff level accountants or others looking for a refresher course in fixed asset accounting.

Topics Covered

  • Basic understanding of accounting for fixed assets
  • The accounting cycle for fixed assets
  • Posting transactions to record the acquisition of fixed assets
  • Determining the useful life of a fixed asset
  • Calculating and posting depreciation
  • Posting transactions for the sale or disposition of a fixed asset

Learning Objectives

  • Define what a fixed asset is
  • Recognize how to Post transactions for the acquisition of fixed assets
  • Identify the useful life of an asset
  • Recognize how to calculate depreciation
  • Recognize how to post transactions for the disposition of fixed assets

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

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