The Basics of Accounting for Assets: Long-Term Assets
About this course
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 also be interested in a related short course from this program, "Basics of Accounting for Assets."
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What you'll learn
- understanding long-term assets
- classifying property, plant, and equipment
- managing goodwill and intangible assets
- applying principles of depreciation
- using different methods of cost allocation
Course objectives
- gain a thorough understanding of long-term asset management
- learn to classify various types of long-term assets
- explore the implications of depreciation in accounting
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