JN CPE Courses
JN Productions CPE Courses - PO Box 293024 - Lewisville, TX 75029
Phone (800)479-5636 Fax (443)222-0698
JN Productions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive an e-mail with course access instructions.
Format: Online pdf document. (Printed book available).
Prerequisites: None
Level: Basic
CPE Credit: 12 Hrs
Field of Study: Accounting
Price without printed book: $129
Price with printed book: $149 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description:
Prerequisites: None
Level: Basic
CPE Credit: 12 Hrs
Field of Study: Accounting
Price without printed book: $129
Price with printed book: $149 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description:
Fixed Asset Accounting describes every aspect of the accounting for fixed assets under both GAAP and IFRS, illustrates key concepts with numerous examples, and adds review questions and answers to improve your comprehension. There are also dozens of tips and definitions throughout the text. The book is designed for both practicing accountants and students, since both can benefit from its detailed descriptions of fixed asset budgeting, acquisition, disposition, and more. Fixed Asset Accounting addresses four major fixed asset accounting topics, which are:
Part I – Accounting for Fixed Assets. Chapters 1 through 9 cover the complete range of accounting activities related to fixed assets, including capital budgeting, asset recognition, interest capitalization, asset retirement obligations, depreciation, impairment, and disposal.
Part II – Special Accounting for Fixed Assets. Chapter 10 notes the various financial statement disclosures associated with fixed assets, while Chapter 11 delves into special considerations for the not-for-profit entity.
Part III – Fixed Asset Systems. Given the high cost of fixed assets, you need to surround them with a strong control system, which is addressed in four chapters. Chapter 12 describes fixed asset record keeping, while Chapter 13 delves into a variety of controls over all aspects of fixed asset usage. Chapter 14 itemizes many policies and procedures for fixed asset transactions. Finally, Chapter 15 addresses a number of available fixed asset tracking technologies.
Part IV – Related Topics. There are several ancillary areas that may be of interest to the fixed asset practitioner. Chapter 16 describes a number of ratios that can be used to monitor fixed assets. Chapter 17 gives an overview of the procedures that auditors typically follow during the fixed asset portion of an audit, and describes the information they will request as part of this audit.
Part II – Special Accounting for Fixed Assets. Chapter 10 notes the various financial statement disclosures associated with fixed assets, while Chapter 11 delves into special considerations for the not-
Part IV – Related Topics. There are several ancillary areas that may be of interest to the fixed asset practitioner. Chapter 16 describes a number of ratios that can be used to monitor fixed assets. Chapter 17 gives an overview of the procedures that auditors typically follow during the fixed asset portion of an audit, and describes the information they will request as part of this audit.
There is also an appendix that contains templates for the journal entries used in most fixed asset transactions, as well as a comprehensive glossary of fixed asset terms. Fixed Asset Accounting gives you a complete grounding in every aspect of the accounting systems needed for fixed assets. As such, it may earn a place on your book shelf
About the Author
Steven Bragg, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young. He received a master’s degree in finance from Bentley College, an MBA from Babson College, and a Bachelor’s degree in Economics from the University of Maine. He has been the two-time President of the Colorado Mountain Club, and is an avid alpine skier, mountain biker, and certified master diver. Mr. Bragg resides in Centennial, Colorado. He has written the following books:
Accounting and Finance for Your Small Business
Accounting Best Practices
Accounting Control Best Practices
Accounting Policies and Procedures Manual
Advanced Accounting Systems
Bookkeeping Essentials
Billing and Collections Best Practices
Business Ratios and Formulas
Controller’s Guide to Costing
Controller’s Guide to Planning and Controlling Operations
Controller’s Guide: Roles and Responsibilities
Controllership
Cost Accounting Fundamentals
Cost Reduction Analysis
Essentials of Payroll
Fast Close
Financial Analysis
GAAP Guide
GAAP Policies and Procedures Manual
More books by Steven Bragg
Accounting Best Practices
Accounting Control Best Practices
Accounting Policies and Procedures Manual
Advanced Accounting Systems
Bookkeeping Essentials
Billing and Collections Best Practices
Business Ratios and Formulas
Controller’s Guide to Costing
Controller’s Guide to Planning and Controlling Operations
Controller’s Guide: Roles and Responsibilities
Controllership
Cost Accounting Fundamentals
Cost Reduction Analysis
Essentials of Payroll
Fast Close
Financial Analysis
GAAP Guide
GAAP Policies and Procedures Manual
More books by Steven Bragg
Course #B002b Including Printed Book
$137
No extra charge for online exam
Learning Objectives:
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To be able to differentiate between an expense and a fixed asset, as well as to be able to further classify a fixed asset into a fixed asset category.
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Describe the methods used to evaluate a capital budgeting proposal.
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Describe which costs can be recognized as a fixed asset under purchase, acquisition, lease, and exchange transactions.
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Explain when you should capitalize interest, and how to calculate it.
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Determine how to calculate the cost of an asset retirement obligation.
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Describe how to calculate the depreciation and amortization of fixed assets.
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Describe when you can capitalize subsequent expenditures, and explain how to revalue both tangible and intangible assets.
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Describe how to test and account for asset impairment, as well as explain the differences between the accounting standards for it, as stated under GAAP and IFRS.
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Explain the proper classification for an asset that is to be disposed of, and describe how to properly account for it.
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Formulate the proper disclosures related to an entity’s ownership of various types of fixed assets.
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Determine when a not-
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Determine how to classify fixed asset information into general ledger accounts, and to summarize related information about each asset.
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Explain the types of controls needed to avoid the improper acquisition, recordation, and disposition of fixed assets, as well as to mitigate the possibility of their theft.
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Create a system of policies and procedures for fixed asset transactions.
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Describe the methods available for tracking and monitoring fixed assets.
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Explain the various fixed asset measurements that can be used to gain a greater understanding of the adequacy, return on, and utilization of fixed assets.
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Explain the objectives and procedures used by auditors for fixed assets, and the formatting of the reports they request from management.
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This course is included in our Mega CPE Special