Author : | Steven Bragg, CPA |
Status : | Production |
CPE Credits : | 12.0 |
IRS Credits : | 0 |
Price : | $103.95 |
Passing Score : | 70% |
NASBA Technical: | Yes |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 616 |
Description : |
Fixed Asset Accounting addresses both the GAAP and IFRS accounting for all aspects of fixed assets, including their initial purchase, impairment, revaluation, and disposal. This fixed asset accounting course also covers the disclosure of fixed asset information, as well as related controls, measurements, record keeping, and policies and procedures. |
Usage Rank : | 0 |
Release : | 2017 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
How to Account for Fixed Assets with GAAP Chron com
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Advance Preparation : | None. |
Delivery Method : | Self-Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 07-Mar-2017 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - NASBA Registry - 616 |
Keywords : | Accounting, Fixed, Asset, Accounting, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives
Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 |
Course Contents : | Chapter 1 - Introduction to Fixed Assets What are Fixed Assets? The Fixed Asset Designation Fixed Asset Classifications Applicable Accounting Frameworks Accounting for Fixed Assets Accounting for Intangible Assets Accounting for Not-for-Profit Fixed Assets Fixed Asset Disclosures Fixed Asset Controls Fixed Asset Policies and Procedures Fixed Asset Record Keeping Fixed Asset Auditing Fixed Asset Measurements Chapter 2 - Capital Budgeting Analysis Overview of Capital Budgeting Bottleneck Analysis Net Present Value Analysis The Payback Method Discounted Payback Capital Budget Proposal Analysis The Outsourcing Decision The Capital Budgeting Application Form The Post Installation Review The Lease or Buy Decision Leasing Concerns Leasing Advantages Capital Budgeting with Little Cash Chapter 3 - Initial Fixed Asset Recognition The Capitalization Limit The Base Unit GAAP: The Initial Measurement of a Fixed Asset Patent Measurement Interpretive Commentary GAAP: The Measurement of Assets Acquired in a Business Combination GAAP: The Measurement of Assets Acquired in a Finance Lease GAAP: Non-Monetary Exchanges GAAP: Internal-Use Software GAAP: Website Development Costs IFRS: Initial Inclusions in a Fixed Asset IFRS: Initial Cost of a Fixed Asset IFRS: The Measurement of Assets Acquired in a Business Combination IFRS: The Measurement of Assets Acquired in a Finance Lease IFRS: Non-Monetary Exchanges IFRS: Website Development Costs IFRS: Internally Developed Intangible Assets Chapter 4 - Interest Capitalization Why and When Do We Capitalize Interest? Assets for Which Interest Must be Capitalized Assets for Which Interest is Not Allowed The Interest Capitalization Period The Capitalization Rate Calculating Interest Capitalization Derecognizing Capitalized Interest Interest Capitalization under IFRS Chapter 5 - Asset Retirement Obligations The Liability for an ARO The Initial Measurement of an ARO Subsequent Measurement of an ARO Settlement of an ARO Overview of Environmental Obligations Measurement of Environmental Obligations Recoveries Related to Environmental Obligations AROs Under IFRS Chapter 6 - Depreciation and Amortization The Purpose of Depreciation Depreciation Concepts Accelerated Depreciation Straight-Line Method Sum-of-the-Years Digits Method Double-Declining Balance Method Depletion Method Units of Production Method MACRS Depreciation The Depreciation of Land The Depreciation of Land Improvements Group Depreciation Composite Depreciation Depreciation Accounting Entries Accumulated Depreciation Depreciation Under IFRS Other Depreciation Topics Impact on Cash Flow Analysis Depreciation and Market Value Chapter 7 - Subsequent Fixed Asset Measurement The Capitalization of Additional Expenditures Asset Revaluation for Tangible Assets Asset Revaluation for Intangible Assets Chapter 8 - Fixed Asset Impairment Asset Impairment Under GAAP GAAP: Measurement of Asset Impairment GAAP: Impairment Testing Exemption for Intangible Assets GAAP: The Impact of Asset Retirement Obligations GAAP: Measurement of Disposal Losses on Assets Held for Sale GAAP: The Asset to be Tested GAAP: Timing of the Impairment Test GAAP: Accounting for the Impairment of an Asset Group GAAP: Reversing an Impairment Loss GAAP: Reversing a Disposal Loss Asset Impairment Under IFRS IFRS: The Impairment Test IFRS: The Asset to be Tested IFRS: Goodwill and Impairment Testing IFRS: Corporate Assets and Impairment Testing IFRS: Timing of the Impairment Test IFRS: Indications of Impairment IFRS: Intangible Asset Measurement IFRS: Determining Value in Use IFRS: Determining the Fair Value less Costs to Sell IFRS: Accounting for the Impairment of an Asset IFRS: Accounting for the Impairment of a Cash-Generating Unit IFRS: Reversing an Impairment Loss Chapter 9 - Fixed Asset Disposal Asset Derecognition The Held-for-Sale Classification Reclassification from Held for Sale Discontinued Operations Abandoned Assets Idle Assets Asset Disposal Accounting Asset Disposal under IFRS Chapter 10 - Fixed Asset Disclosures GAAP Disclosures GAAP: General Fixed Asset Disclosures GAAP: Asset Retirement Obligations GAAP: Capitalized Interest Disclosures GAAP: Change in Estimate Disclosures GAAP: Intangible Asset Impairment Disclosures GAAP: Intangible Asset Disclosures IFRS Disclosures IFRS: General Fixed Asset Disclosures IFRS: Capitalized Interest Disclosures IFRS: Change in Estimate Disclosures IFRS: Estimates of Recoverable Amounts IFRS: Held for Sale Disclosures IFRS: Impairment Disclosures IFRS: Intangible Asset Disclosures IFRS: Revaluation Disclosures IFRS: Optional Disclosures Chapter 11 - Not-for-Profit Fixed Asset Accounting Initial Recognition of Fixed Assets Restrictions on Contributed Assets Valuation of Contributed Assets Valuation of Contributed Services Valuation of Art and Similar Items Depreciation of Fixed Assets Recordation of Fixed Assets Fixed Asset Controls in a Not-for-Profit Entity Chapter 12 - Fixed Asset Record Keeping Fixed Asset Accounts Construction Project Record Keeping Building Record Keeping Equipment Record Keeping Land Record Keeping Lease Record Keeping Operating Lease Record Keeping Finance Lease Record Keeping Document Retention Fixed Asset Reports Depreciation Report Audit Report Responsibility Report Asset Replacement Report Maintenance Report Chapter 13 - Fixed Asset Controls Controls for Fixed Asset Acquisition Controls for Fixed Asset Construction Controls for Fixed Asset Theft Controls for Fixed Asset Valuation Controls for Fixed Asset Depreciation Controls for Fixed Asset Disposal The Control of Laptop Computers Chapter 14 - Fixed Asset Policies and Procedures Capital Budgeting Policies and Procedures The Capital Request Form Asset Recognition Procedures Asset Revaluation Policies and Procedures Asset Exchange Policies and Procedures Depreciation Policies and Procedures Impairment Policies and Procedures Asset Retirement Obligation Policies and Procedures Intangible Asset Policies and Procedures Transfer Policies Disposal Policies and Procedures The Asset Disposal Form Record Keeping Policies Tracking Policies and Procedures The Fixed Asset Manual Chapter 15 - Fixed Asset Tracking Tag Tracking Bar Code Tracking RFID Tracking Active Transmission RFID Tracking Passive Transmission Wireless Monitoring Chapter 16 - Fixed Asset Measurements Sales to Fixed Assets Ratio Repairs and Maintenance Expense to Fixed Assets Ratio Accumulated Depreciation to Fixed Assets Ratio Cash Flow to Fixed Asset Requirements Ratio Return on Assets Employed Return on Operating Assets Bottleneck Utilization Unscheduled Machine Downtime Chapter 17 - Fixed Asset Auditing Fixed Asset Audit Objectives Fixed Asset Audit Procedures Auditor Requests Appendix - Journal Entries Glossary |