Fixed Asset Accounting (Completed)

Date: Tuesday, December 1, 2020
Instructor: Robert K Minniti
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

This course is designed to introduce participants to the basic concepts of fixed asset accounting. Participants will be introduced to various concepts including; what qualifies as a fixed asset, acquiring fixed assets, depreciation methods, impairments, tracking fixed assets, security of fixed assets, and disposing of fixed assets.

Who Should Attend
CPAs, CMAs, CGMAs, CIAs, CFEs, CFOs, CEOs, employees, staff accountants, managers, and anyone who is interested in obtaining a basic understanding of fixed asset accounting.

Topics Covered

  • Basic understanding of accounting for fixed assets
  • What qualifies as a fixed asset
  • Acquiring fixed assets
  • Depreciation methods
  • Impairments
  • Tracking fixed assets
  • Security of fixed assets
  • Disposing of fixed assets

Learning Objectives

  • Define what a fixed asset is
  • Recognize how to Post transactions for the acquisition of fixed assets
  • Identify the useful life of an asset
  • Recognize how to calculate depreciation
  • Recognize how to post transactions for the disposition of fixed assets


Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites

Advance Preparation

 Chat — Books Support