Financial Accounting: Current Assets vs. Long-Term Assets

Estimated Time: 1 hours

$49.00

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UPDATED 2022: Current Assets vs. Long-Term Assets focuses in on topics like tax reporting and FIFO/LIFO methods to provide you with an abridged overview of two types of business assets. And in order to help you become more confident in your knowledge, you will cover depreciation methods, capitalizing and expensing as well as data auditing and financial planning. Taught by various fictional characters at the multinational corporation, Central Products, this course provides an interactive way for business professionals to learn important accounting concepts. Course Type: Business Simulation. Worth 3 PDCs (SHRM) and 3 CEUs (HRCI Business Credits).

Credits

3 PDCs
3 CEUs
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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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SHRM: VTR is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). This program is valid for 3 PDCs. For more information about certification or recertification, please visit shrmcertification.org.

HRCI: VTR is a recognized provider of recertification credits. HR Certification Institute® preapproved this program for 3 credits toward aPHR™, PHR™, PHRca™, SPHR™, GPHR™, PHRi™, and SPHRi™ recertification.