Financial Accounting: Current Assets vs. Long-Term Assets (CPA)

Estimated Time: 4.5 hours

$64.00

Earn 6 Points for Completing

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UPDATED 2023: It never hurts to brush up on the basics, and with this course in current and long-term assets, you can do just that. However, you’ll enter into a conversation on topics like FIFO/LIFO, tax reporting and others in a whole new way – as an intern for Central Products’ accounting department. In this fictional setting, you’ll have the option to review important aspects of financial accounting by seeing them performed in a real-life manner. Course Type: Business Simulation. Worth 6 Technical CPE Credits (CPA/NASBA).

Credits

6 CPE Credits
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Learning Objectives

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

How do I earn credits with VTR Learning?

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How quickly do I receive my credits after completing a course?

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Field of Study: Accounting - Prerequisites & Advanced Preparation: None - CPE Credit Type: Technical - Delivery Method: QAS Self Study - For more information regarding administrative policies such as complaint and refund, please contact our Customer Success team at support@vtrpro.com or visit our Help webpage.

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CPA: VTR 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: NASBAregistry.org. This program is valid for 6 CPEs.