The Basics of Accounting for Assets: Long-Term Assets

This course offers an in-depth look at long-term assets within the realm of accounting. You will gain insights into the classification and management of property, plant, and equipment, as well as the nuances of goodwill and intangible assets. The course covers the principles of depreciation, the matching concept, and the various methods used to allocate the cost of assets over their useful lives. This short course is part of the previous Master Track Certificate in Business Essentials. You may

• Understand intangible assets and their reporting on balance sheets
• Comprehend accounting for retirement, sale, or exchange of long-term assets
• Identify and classify long-term assets and their accounting treatment