Financial Reporting
Types of Assets and Liabilities
Current and Non-current Assets, Liabilities, and Inventory Valuation Rules
1 CPD credit on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
The learning outcomes from this CPD refresher training course include: Understanding the types of assets Having an appreciation for the liabilities of a company
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 1 unit of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Types of assets (video)
- Types of assets (quiz)
- Types of liabilities (video)
- Types of liabilities (quiz)
What You Will Learn
- Distinguish between current and non-current assets, including goodwill, investment property, and prepayments
- Identify which costs are capitalised as part of a non-current asset and which are expensed
- Apply IFRS and US GAAP inventory valuation rules (lower of cost or NRV versus lower of cost or market)
- Explain the difference between tangible and intangible assets with specific examples
- Describe the classification of current and non-current liabilities, including deferred tax and unearned revenue
- Recognise how accrued expenses, prepaid expenses, and unearned revenue affect the balance sheet
Who This Course Is For
- Trainee or newly qualified accountants building their financial reporting foundations
- Finance team members who classify assets and liabilities in day-to-day bookkeeping
- Professionals preparing for qualification exams that cover financial statement elements
Prerequisites
- Basic understanding of the accounting equation (assets, liabilities, equity)
- No specialist financial reporting experience is required
Frequently Asked Questions
Course Details
CPD Credits1
CertificateYes
Pricing
Pricing
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Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
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