Business Accounting Training
Business Accounting: Accounting for Assets
 Business Accounting: Accounting for Assets offers the student
an overview of the types of assets an organization may encounter, as well as how to manage those assets.
The program details the characteristics of current assets, long-term assets, intangible assets, and natural resources.
Business Accounting Training on CD-ROM Course teaches you to
- Classify assets as current or noncurrent.
- Identify ways accounting relates to the overall business.
- Implement an internal control system to manage cash.
- Implement an internal control system to manage inventory.
- Calculate the new depreciation on an asset with capital expenditure improvements.
- Identify the time period over which intangible assets are amortized.
Audience: Managers or employees interested in learning the basics of accounting and accounting processes.
Total Learning Time: 2 to 4 hours on interactive CD-ROM
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Product
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CODE
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Price
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Order
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Business Accounting: Accounting for Assets
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ng48521
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$110.00
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Course Contents
Unit 1: Current Assets
0.5 - 2 hours
• Identify accounting institutions and their purposes.
• Classify assets as current or noncurrent.
• Identify ways accounting relates to the overall business.
• Identify cash equivalents.
• Implement an internal control system to manage cash.
• Identify two methods for accounting for bad debt.
• Identify the equation for calculating the accounts receivable turnover ratio.
• Calculate an accounts receivable turnover ratio.
• Identify risks associated with high and low accounts receivable turnover ratios.
• Simulation Overview:
• In this simulation, you will meet with Susan Cole, an Accounting Supervisor for Icon who is experienced in performing accounting duties and coordinating the work
of accounting clerks under her supervision. She will give you a series of exercises to gauge your knowledge of current assets. Through these questions and answers,
you will increase your understanding of business accounting, including assets such as cash and cash equivalents and accounts receivables.
Unit 2: Inventory
0.5 - 1 hour
• Identify forms of inventory.
• Implement an internal control system to manage inventory.
• Identify advantages of purchase discounts.
• Differentiate between periodic and perpetual inventory systems.
• Identify types of costs included in inventory valuation.
• Differentiate among types of inventory costing methods.
• Identify the equation for calculating the inventory turnover ratio.
• Calculate and interpret an inventory turnover ratio.
• Simulation Overview:
• In this simulation, you will meet with John LaForge, an Icon Accountant with
experience in inventory control. He has prepared a series of exercises to assess your knowledge of accounting for inventory. In talking with John, you will further
develop your understanding of inventory costs, methods of inventory management, and how to value inventory.
Unit 3: Noncurrent Assets
1 hour
• Identify methods of depreciation.
• Differentiate among the types of depreciation.
• Calculate an asset's depreciation rate.
• Select the proper classification for repairs to a noncurrent asset.
• Calculate the new depreciation on an asset with capital expenditure improvements.
• Identify types of natural resources.
• Calculate the depletion rate for a natural resource.
• Identify types of intangible assets.
• Identify the time period over which intangible assets are amortized.
• Simulation Overview:
• In this simulation, you will meet with Paul White, a Controller with many years of experience in different financial capacities at Icon. He will present you with a series
of exercises designed to test your knowledge of noncurrent assets. Through your discussion with Paul, you will expand your understanding of depreciation and
depletion, learn how to account for capital expenditures and revenue expenditures and how to classify intangible assets.
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