CPE Course on Current Assets and Asset Valuation

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Current Assets and Asset Valuation

Learning Objectives

To describe how receivables appear on the balance sheet and explain how bad debts are accounted for.
To list and describe the four basic issues involved in accounting for merchandise inventory.
To differentiate raw materials, work in process and finished goods, and explain how costs are attached to the inventory account as products move through the manufacturing process and are eventually sold.
To review the three primary inventory cost flow assumptions and how they affect both the balance sheet and the income statement.
To analyze the basic asset valuation approaches and explain how each approach affects the financial statements.

Course Description

The term current assets will represent all the assets of the firm that are expected to be easily sold, utilized, consumed, or exhausted through the company’s or standard business operations which can lead to their conversion into cash value within a single year.

The sub-division of financial statements and the valuation of assets are two of the most important elements in the development of modern financial statements. The purpose of this CPE course is to explore methods for the recognition, grouping, and valuation of assets on the balance sheet.

This CPE course focuses on how companies manage and account for the primary current assets such as accounts receivable, inventory, and some investments.

This continuing education course also provides a broad discussion of the general ways in which assets are depicted on financial statements. The financial statements and the footnotes of the companies featured in this CPE course include Caterpillar Financial, Caterpillar Manufacturing, John Deere, Nordstrom, Yahoo, Barnes & Noble, and Amazon.

Major topics highlighted in this Accounting CPE webinar:

An overview of accounts receivable and bad debts accounting
An overview of inventory accounting
Inventory accounting for manufacturers
Inventory accounting: cost flow assumptions
Asset valuation methods

Webinar Qualifies For

2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
2 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
2 CPD Credit of Asset valuation for Certified Financial Forensics (CFF)
2 CPE Credit of Business Valuation as a Measure of Damages for Master Analyst In Financial Forensics (MAFF)
2 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)

About Instructor

Lambers, Inc.

, Lambers, Inc.

Lambers Financial is a leader in providing E-learning courses for accounting professionals looking to achieve the industry's most recognized designations such as the Certified Public Accountant (CPA) and Enrolled Agent (EA). Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point, the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.

Today, Lambers review courses deliver that same successful teaching style to exam candidates via online video, unique adaptive testing software, and textbooks. Over the last two decades, we've expanded our offerings to include the Enrolled Agent (EA), an extensive library of both IRS approved continuing education (CE) courses (including the IRS Federal Tax Refresher (AFTR) course for registered tax professionals), and NASBA approved continuing professional education (CPE).

See why Lambers Financial has remained a leader in professional education for over fifty years! Visit our website today to check out our full line of review courses and titles.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.NASBARegistry.org.

Ratings and Review

4.4

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Terrible

Tom Kemler, CVA, CFA

I have to admit that this was more difficult than I expected. It was much more difficult than typical CPE classes, but that difficulty should translate to more effective learning.

Josh Harrison, CPA (US), CFA

i liked it

Benjamin Elder, CPA in Canada

Good

Stephen Mathews, CPA (US)

The materials were informative and the instructor was very good. However, the sheer volume of slides (647) made self-study more difficult than it needed to be.

Evelina Kutepov, CPA (US)

Great information and review of important topics for accounting.

2 Credits

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Subject Area

Accounting

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Current Assets and Asset Valuation

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Lambers, Inc.

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Tom Kemler, CVA, CFA

Josh Harrison, CPA (US), CFA

Benjamin Elder, CPA in Canada

Stephen Mathews, CPA (US)

Evelina Kutepov, CPA (US)

Subject Area

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