Fixed Asset Accounting (Completed)
Date: Wednesday, February 18, 2026
Instructor: Robert K Minniti
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
This course is designed to introduce participants to the basic concepts of fixed asset accounting. Participants will be introduced to various concepts including what qualifies as a fixed asset, acquiring fixed assets, depreciation methods, impairments, tracking fixed assets, security of fixed assets, and disposing of fixed assets.
Who Should Attend
This course is appropriate for CPAs or consultants who are working with small businesses.
Topics Covered
- Applicable Accounting Principles
- Typical Fixed Asset Transactions
- Depreciation
- Depreciation for Taxes
- Internal Controls
Learning Objectives
- Identify fixed asset transactions
- Identify the basic concepts of fixed asset accounting
- Recognize and apply fixed asset accounting various concepts
- Identify the monthly depreciation when using the straight-line depreciation method on an equipment purchase of $90,000 with a useful life of 5 years and no residual value
- Identify how a company should report a transaction when it sells a delivery truck with a book value of $6,000 and accumulated depreciation of $20,000 for $5,000 in cash
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
