Accounting and Financial Reporting

How to Account for Capital Assets

Course Overview

Title

How to Account for Capital Assets

Level

Intermediate

Prerequisite

Basic understanding of GAAP for state and local governments

Field of Study

Accounting — Governmental

Topics

Accounting and Financial Reporting

Format

Internet Training / Webinar

CPE

2

The training will furnish participants with the basic information needed to properly account for capital assets and report them in financial statements prepared in conformity with generally accepted accounting principles (GAAP).

Learning Objectives

Those who successfully complete the seminar should be able to:

  • Identify the major capital asset classes and the specific types of capital assets properly included in each
  • Determine the value at which capital assets should be reported and the proper depreciation or amortization for each
  • Identify and calculate impairments
  • Prepare financial statements that conform to the display and disclosure requirements of GAAP for capital assets
  • Identify the essential elements of system design for the management of capital assets, including specific policies related to capital assets

Who Will Benefit

CFO/Finance Director

Controller

Accountant

Sample Agenda

Coming Soon.

Register

Scheduled Offerings

Format / Location

TBD

Course Instructors

This course is taught by finance officers and other industry experts.