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Table of Contents
Table of Contents
Fixed assets often represent the largest line item on a company's balance sheet, yet many professionals struggle with proper accounting treatment, leading to misstated financials and compliance issues.
What You Will Learn
- 1 Learn the definition and classification of fixed assets under GAAP and IFRS.
- 2 Understand acquisition cost measurement and capitalization criteria.
- 3 Apply various depreciation methods and calculate depreciation expense.
- 4 Analyze impairment indicators and perform impairment testing.
- 5 Implement disposal accounting and derecognition procedures.
- 6 Develop fixed asset recordkeeping systems and tracking methods.
- 7 Differentiate between book and tax depreciation and comply with tax rules.
- 8 Account for leased assets under IFRS 16 and ASC 842.
- 9 Conduct fixed asset audits and strengthen internal controls.
- 10 Explore advanced topics including impairment reversals and discontinued operations.
What's Included
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Fixed Asset Accounting