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Patrick

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Liberal Arts Math

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Learn the type of accounting that focuses on providing financial information to internal stakeholders within an organization

Managerial Accounting

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Learn the guidelines that govern how financial transactions are recorded and reported

Principles of Accounting

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1. Introduction to Accounting

2. Transaction Analysis

3. Accrual Accounting Concepts

4. Merchandising Operations

5. Inventory

6. Internal Controls and Reporting Cash

7. Receivables and Investments

8. Long Lived Assets

9. Current Liabilities

10. Time Value of Money

11. Long Term Liabilities

12. Stockholders' Equity

13. Statement of Cash Flows

14. Financial Statement Analysis

15. GAAP vs IFRS

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This study guide covers cost determination, depreciation, derecognition, and reporting of long-lived assets in financial accounting. Key concepts explained.

Chapter 9: Reporting and Analyzing Long-Lived Assets

Study Guide - Learn with Videos

Initial Cost of Long Lived Assets

Depreciation: Straight Line

Depreciation: Declining Balance

Depreciation: Units-of-Activity

Depreciation: Summary of Main Methods

Retirement of Plant Assets (No Proceeds)

Sale of Plant Assets

Intangible Assets and Amortization

Asset Impairments

Ratios: Return on Assets (ROA)

Ratios: Total Asset Turnover

Ratios: Profit Margin

Ratios: Profit Margin x Asset Turnover = Return On Assets

GAAP vs. IFRS: Long Lived Assets