- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Preparing Governmental Financial Statements - Course 2 - Capital Assets, Including Intangibles and Infrastructure, and Management's Discussion and Analysis (GFSTG172)
This interactive self-study course discusses how governments report capital assets and how it presents MD&A in the financial statements. Lesson 1 explains how governments obtain property and equipment. Lesson 2 discusses the required components of MD&A in detail and provides guidance for making that presentation easily readable.
Course Expiration Date: December 31, 2018
Please note, the grading fee for answer sheets submitted by regular mail is $99.
Discuss and define ownership of capital assets.
Discuss the valuation of capital assets other than intangibles.
Identify the basic requirements for capital leases and valuation of intangible assets.
Describe how useful lives and depreciation expenses are estimated.
Discuss the depreciation and modified approaches to reporting infrastructure, and GASBS No. 34’s requirements for certain basic disclosures in the notes to the financial statements and in required supplementary information (RSI).
Identify the objectives and requirements for management's discussion and analysis MD&A.
Describe the general requirements and required components of MD&A.
Discuss the requirements of all special-purpose governments.
Lesson 1—Capital Assets, Including Intangibles and Infrastructure
Lesson 2—Management’s Discussion and Analysis