The Basics of Accounting for Assets: Long-Term Assets
Master long-term asset accounting: learn to classify, manage, and report on property, plant, equipment, and intangible assets including depreciation methods.
Master long-term asset accounting: learn to classify, manage, and report on property, plant, equipment, and intangible assets including depreciation methods.
Dive into the world of long-term asset accounting with this comprehensive course. Learn to classify and manage property, plant, and equipment, as well as intangible assets and goodwill. Explore depreciation principles, the matching concept, and various methods for allocating asset costs over their useful lives. Ideal for beginners with basic numerical skills seeking to understand the complexities of long-term asset accounting.
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What you'll learn
Identify and classify different types of long-term assets
Understand the accounting treatment for property, plant, and equipment
Learn the principles of depreciation and various depreciation methods
Comprehend the concept of goodwill and its accounting implications
Explore the nature of intangible assets and their reporting on the balance sheet
Understand the accounting processes for asset disposal, including retirement, sale, or exchange
Skills you'll gain
This course includes:
14 Minutes PreRecorded video
1 assignment
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FullTime access
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There is 1 module in this course
This course provides an in-depth exploration of long-term assets in accounting. It covers the classification and management of property, plant, and equipment, as well as the nuances of goodwill and intangible assets. Students will learn about depreciation principles, including the matching concept and various methods for allocating asset costs over their useful lives. The course also addresses the accounting processes involved in the retirement, sale, or exchange of long-term assets. Through video lectures, readings, and a graded assignment, learners will gain practical skills in identifying, classifying, and accounting for long-term assets.
The Basics of Accounting for Assets: Long-Term Assets
Module 1 · 39 Minutes to complete
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Instructor
Visiting Professor at IE Business School
Dr. Bruce Busta is a visiting professor at IE Business School in Madrid, Spain, where he has taught for over 17 years. He specializes in financial and managerial accounting, offering a range of courses that include "Basics of Accounting for Assets and Liquidity" and other related subjects on platforms like Coursera. Dr. Busta holds a degree from the University of Nebraska-Lincoln and has extensive experience in academia, focusing on the intersection of accounting practices and business management. His contributions to the field include several research works that have garnered significant citations, reflecting his impact on accounting education. In addition to his teaching responsibilities, he is actively involved in curriculum development and enhancing the learning experience for students at IE Business School.
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