Balance Sheet: Reporting Assets

Course Information

Title:	Balance Sheet: Reporting Assets
Category:	Accounting and Auditing
Field of Study:	Accounting
Course Code:	M207
CPE Credits:	5.0
Price:	43.95

Description

Description:

Assets often account for a major part of an entity’s total value, representing economic resources it owns, such as cash, inventory, buildings, and equipment. These sources are used to generate revenue, balanced by liabilities and equity on the balance sheet. Assets are divided into current (convertible to cash within a year) and noncurrent assets (long-term) on the balance sheet to show how liquid the entity is. A clear and correct understanding of asset divisions, their representation, and proper valuation is essential to accurately portraying an entity’s financial health. This course is designed to help you navigate common asset accounts using U.S. GAAP, with specific examples to illustrate the application.

Delivery Method: Online Interactive Self Study

Level: Intermediate

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Technical Details: Accounting: Technical

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Objectives

Objectives:

Recognize basic principles of reporting assets on the balance sheet
Identify accounting procedures for cash and accounts receivable
Identify the reporting requirements of debt securities
Recognize how to account for and report tangible and intangible assets

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA