Participants will earn 3 CPE, .3 CEU, 3 Contact Hours
Field of Study: Accounting (Governmental)
This course will provide an overview of capital assets including the valuation, accounting, depreciation, and impairment.
Upon successful completion of this course, the participant should be able to
define capital assets
recall the capital asset accounts provided in the local government chart of accounts
calculate a capital asset's value and depreciation
identify the accounting entries for capital assets
recall how to account for capital asset impairments
Prerequisites: Knowledge in state and local governmental accounting and financial reporting related to capital assets
Who Should Attend? This session is for state and local governmental accounting and financial reporting professionals and others responsible for developing or maintaining capital asset records.
Advance Preparation: None
Program Level: Basic
Delivery Method: QAS Self Study
Complete the course's required online quizzes and exercises within 30 days of receiving the "Welcome" email with course URL, username and password information.
University of Georgia, Carl Vinson Institute of Government, 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: https://www.nasbaregistry.org