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Current Assets And Asset Valuation

Current Assets and Asset Valuation CPE Self-Study Course

2.5 Credits

$25

Subject Area

Accounting

Webinar Qualifies For

2.5 CPE credit of Accounting for all CPAs

2.5 CPE credit for Certified Management Accountants (CMA)

2.5 CPE credit for Certified Internal Auditors (CIA)

2.5 CPD credit (Verifiable) for Canadian CPAs

2.5 CPE credit for Internal Audit Practitioner (IAP)

2.5 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2.5 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Accounts Receivable & Uncollectibles
    1 mins
  • Caterpillar Financial Services
    24 mins
  • Footnotes to the Financial Statements
    49 mins
  • Tax Benefit of LIFO vs. Average FIFO
    75 mins
  • Asset Valuation comparison
    89 mins

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 webinar 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 the 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.

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 list and define the three primary inventory cost flow assumptions and how they affect both the balance sheet and the income statement.
  • To list and describe the basic asset valuation approaches and explain how each approach affects the financial statements.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Assistant Controllers
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • Certified Valuation Analysts
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Directors of Finance
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

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MH

The instructor presented 650 pages of material on a 2.5 hour CPE. Ridiculous! I would not recommend.