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Business Accounting Accounting for Assets

123-CBT Computer Based Training
Training Provided by 123-CBT Computer Based Training Business Accounting: Accounting for Assets offers the student an overview of the types of assets an organization may encounter, as well as how to manage those assets. The program details the characteristics of current assets, long-term assets, intangible assets, and natural resources.

Learn To

• Classify assets as current or noncurrent.
• Identify ways accounting relates to the overall business.
• Implement an internal control system to manage cash.
• Implement an internal control system to manage inventory.
• Calculate the new depreciation on an asset with capital expenditure improvements.
• Identify the time period over which intangible assets are amortized.

Audience

Managers or employees interested in learning the basics of accounting and accounting processes.

Deployment Options

e-Learning

Accreditation

NASBA credits: 3 CPE Credits

CEU credits: 0.30 CEUs

Language Options

US English

Total Learning Time

2 to 4 hours

Objectives

Unit 1: Current Assets (0.5 - 2 hours)
• Identify accounting institutions and their purposes.
• Classify assets as current or noncurrent.
• Identify ways accounting relates to the overall business.
• Identify cash equivalents.
• Implement an internal control system to manage cash.
• Identify two methods for accounting for bad debt.
• Identify the equation for calculating the accounts receivable turnover ratio.
• Calculate an accounts receivable turnover ratio.
• Identify risks associated with high and low accounts receivable turnover ratios.
• Simulation Overview:
• In this simulation, you will meet with Susan Cole, an Accounting Supervisor for Icon who is experienced in performing accounting duties and coordinating the work of accounting clerks under her supervision. She will give you a series of exercises to gauge your knowledge of current assets. Through these questions and answers, you will increase your understanding of business accounting, including assets such as cash and cash equivalents and accounts receivables.

Unit 2: Inventory (0.5 - 1 hour)
• Identify forms of inventory.
• Implement an internal control system to manage inventory.
• Identify advantages of purchase discounts.
• Differentiate between periodic and perpetual inventory systems.
• Identify types of costs included in inventory valuation.
• Differentiate among types of inventory costing methods.
• Identify the equation for calculating the inventory turnover ratio.
• Calculate and interpret an inventory turnover ratio.
• Simulation Overview:
• In this simulation, you will meet with John LaForge, an Icon Accountant with experience in inventory control. He has prepared a series of exercises to assess your knowledge of ac
This is primarily online training
on-line e-learning cbt (computer based)This is an online eLearning or CBT training program
cd romThis program may be available on CD
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Training Presented in:English
Business Accounting Accounting for Assets --
About The Training Provider: 123-CBT Computer Based Training
123-CBT Computer Based Training - 123-CBT offers discount pricing on top quality eLearning programs from leading computer based training providers. Many of the training courses are available both online or on CD so that you can study at home at your own pace: E-Learning available for - ABAP 6. 10 - Access 2003 - Acrobat 6. 0 - ASP - ASP. NET - C - Captivate 1. 0 - Crystal Reports 8. 5 - Crystal Reports v10 -...
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