Current assets and asset valuation
SKU: 06-283-01-CPE
Credit Hours: 2
CPE Category: Finance
Delivery Method: Video
Instructor: Jamie Pratt
Course Description:
This course focuses on how companies manage and account for the primary current assets: accounts receivable, inventory and some investments. It also provides a broad discussion of the general ways in which assets are depicted on the financial statements.
After completing the course you should be able to:
- Describe how receivables appear on the balance sheet and explain how bad debts are accounted for.
- List and describe the four basic issues involved in accounting for merchandise inventory.
- Differentiate raw materials, work in process and finished goods, and explain how costs are attached to the inventory account as products move through the manufacturing process and are eventually sold.
- List and define the three primary inventory cost flow assumptions and how they affect both the balance sheet and the income statement.
- List and describe the basic asset valuation approaches and explain how each approach affects the financial statements.