- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course looks at how to treat capital assets, including intangibles and infrastructure, in governmental financial statements. Topics include leases, valuation, depreciation, and the affect on different funds.
Course Expiration Date: December 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Recognize basic information about capital assets, how to value capital assets (including intangibles), and how to address capital leases.
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 capitalize interest costs prior to implementing GASBS No. 89, report capital assets in government-wide financial statements, and 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.
Lesson 1—Capital Assets in Governmental Financial Statements Part 1
Lesson 2—Capital Assets in Governmental Financial Statements Part 2