How to Account for Capital Assets

Training Type: 
Course Status: 
Repeat Offering
Date and Time: 
Jul 10 2019 - 2:00pm to 4:00pm  EDT
Field of Study: 
Auditing – Governmental
CPE Credits: 
Member Price: 
Non-Member Price: 


Who Will Benefit: 

Accounting and financial reporting professionals responsible for capital assets.

Program Description: 

Virtually all state and local governments use capital assets, some of which are essentially unique to the public sector. Properly accounting for these different assets can pose a real ongoing challenge for accounting and auditing professionals. This two-hour interactive training session will combine lecture and exercises to address a number of commonly encountered practice issues including: capitalizable costs, classification, valuation, lifing, impairments, depreciation, financial statement presentation, disclosure, system design, and inventorying.

Seminar Objectives: 

Provide participants with a basic understanding of accounting and financial reporting for capital assets of state and local governments.