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.
Course Cost
₹ 2,699
Beginner
Skill Level
1 Hour
Self-paced lessons
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.
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
Gain practical skills in long-term asset management and reporting
Skills you'll gain
This course includes:
14 Minutes PreRecorded video
1 assignment
Access on Mobile, Tablet, Desktop
FullTime access
Shareable certificate

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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
Fee Structure
Payment options
Financial Aid
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Faculties
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Frequently asked Questions
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