Accounting for Fixed Assets – What Every CPA Should Know ​

Course Overview:

This course provides an overview of how U.S. GAAP applies to fixed assets. It explores important topics such as how and when to recognize assets, how to measure and depreciate them, and what to consider when assets are impaired or held for sale. The course also addresses the accounting for asset sales and abandonments, including how to determine and report gains or losses.  




 

Learning Objectives:

 Upon completion of this course, you will be able to:

• Identify capitalizable costs and assets qualifying for interest capitalization
• Determine interest eligible for capitalization and impairment triggers
• Recognize depreciation methods, impairment steps, and sale criteria
• Identify impacts of changes in depreciation or useful life
• List held-for-sale criteria and differentiate asset classifications
• Identify key disclosure requirements under ASC 360