Event Overview
This session provides a practical foundation for fixed asset tracking in local educational agencies, including guidance on modified versus full accrual accounting and the treatment of consumables, repairs, and capitalized items. We will break down inventory and capital asset accounting in a clear, accessible way to reinforce and clarify key concepts.
Date and Time
Friday, October 16
9 - 11 a.m. PT
9 - 11 a.m. PT
Location
Online (Webinar)
Cost
Starting at $400
Contactevents@eidebailly.com
Learning Objectives
- Examine the foundational aspects of accounting for capital assets, noncapitalized equipment, and supplies using modified accrual and full accrual accounting.
- Distinguish between capital assets, noncapitalized equipment, and supplies, and subcategories such as land, land improvements, and buildings.
- Demonstrate how these source transactions of an educational entity are posted in the general ledger.
- Summarize the chart of accounts and key components of these transactions.
Eide Bailly LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org