Financial Accounting: Current Assets vs. Long-Term Assets

Est. Study Time: 1 hours
3 PDCs
3 CEUs


Alongside the accountants at Central Products, you will learn to differentiate between Current and Long-Term Assets, explore Tax Reporting, and choose between FIFO and LIFO methods. We will cover regulatory ethics, data auditing, and financial planning. You will become confident in Capitalizing vs. Expensing and with Depreciation Methods. Worth 3 PDCs (SHRM) and 3 CEUs (HRCI Business Credits).
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Learning Objectives

  • Learn about the different concepts related to current assets, including petty cash, marketable securities and accounts receivable
  • Gain a basic understanding of payment terms, such as 2/10 N30, and how they impact business operations
  • Understand how to choose between FIFO and LIFO methods and apply them correctly to different accounting situations
  • Learn some of the important concepts related to long-term assets, such as capitalizing vs. expensing, tax reporting, depreciation methods, and termination and disposition of assets

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Earning credits with VTR Learning is easy. Simply purchase one of our self-paced courses and complete it within a year. Afterward, you will be given a certificate of completion, which contains a code to submit to your certifying organization.

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You have one year after beginning your course to complete it. After that year, your course will close automatically and no progress will be permitted.

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Your course will reset and you will be allowed to retake the course until you have met the passing requirements.

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