Event Overview
Are you responsible for tracking fixed assets in a local educational agency (LEA)? Are you new to understanding modified accrual versus full accrual for capital funds? Do you need to understand the difference between expensing consumables, repairs, and capitalizing items? Join us to discuss foundational accounting for inventory items and capital assets in a practical manner, so you can understand concepts that may have eluded you in previous courses or jobs.
9 - 11 a.m. PT
- Explain 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.
- Discuss how the source transactions of an educational entity are posted in the general ledger.
- Identify the purpose of the chart of accounts and analyze key components of the transactions.
- CPE Credits2
- Field Of StudyAccounting
- Level Of KnowledgeBasic
- Delivery MethodGroup-Internet Based
