Balance Sheet: Reporting Assets (5 hrs)

Asset Reporting on the Balance Sheet

Assets often account for a major part of an entity’s total value, representing economic resources it owns, such as cash, inventory, buildings, and equipment. These sources are used to generate revenue, balanced by liabilities and equity on the balance sheet. Assets are divided into current (convertible to cash within a year) and noncurrent assets (long-term) on the balance sheet to show how liquid the entity is. A clear and correct understanding of asset divisions, their representation, and proper valuation is essential to accurately portraying an entity’s financial health. This course is designed to help you navigate common asset accounts using U.S. GAAP, with specific examples to illustrate the application.

This course is included in the MEGA CPE Bundle.