Companion to PPC's Guide to Preparing Governmental Financial Statements - Course 1 - Capital Assets, Including Intangibles and Infrastructure (GFSTG221)  

Recognize basic information about capital assets, how to value capital assets (including intangibles), and how to address financed purchases.

Determine best practices for estimating useful lives and depreciation expense, reporting works of art and historical treasures, reporting general capital asset activity in governmental funds, and reporting capital assets in proprietary and fiduciary funds.

Recognize how to report capital assets in government-wide financial statements, and how to report infrastructure.

Determine how to address issues related to public-private and public-public partnerships (PPPS), the impairment of capital assets and insurance recoveries, subscription-based information technology arrangements, and note disclosures and supplementary information for capital assets.