Fixed Asset Controls

Protect one of the largest asset categories on your balance sheet through disciplined control design. This course explains how weak oversight of fixed assets can lead to misstated valuations and financial risk. Learn how to implement controls over asset authorizations, valuation, depreciation, disposals, and theft prevention. Evaluate ways to reduce the cost of these controls while maintaining effectiveness. Build a comprehensive control framework that supports accurate fixed asset accounting.
Format

PDF Course

Course Lists
Grid View
Tile View
Duration

1 Hour

Course Discounts
Education Bundles

Course Information

Author: Steven Bragg
Course Number: AC1141

Learning Objectives
  • Recognize the distinction between ghost assets and zombie assets.
  • Specify the different types of fixed asset controls.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: June 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. 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 the 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: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.