Exploring Intangible Assets: A Closer Look at Their Significance and Value
What you will learn
Overview : US GAAP ASC 350 Intangible Assets
Nature of Intangible Assets and Recognition Criteria
Acquisition Cost and Practice Question Part 1
Acquisition Cost and Practice Question Part 2
Goodwill
Why take this course?
Unlock the complexities of intangible assets with this comprehensive course focusing on ASC 350 under US GAAP. Whether you are an aspiring accountant, financial analyst, or seasoned professional, this course provides the essential knowledge to understand, recognize, and evaluate intangible assets and goodwill.
Through a combination of in-depth lectures and practical examples, you’ll learn the nature of intangible assets, recognition criteria, acquisition costs, and the nuances of goodwill. This course is tailored to demystify accounting principles, ensuring you can confidently apply them in real-world scenarios.
What You’ll Learn
- Gain an overview of intangible assets and their significance.
- Understand the nature of intangible assets and recognition criteria.
- Master the intricacies of acquisition costs.
- Dive deep into the concept of goodwill and its recognition.
Explore Topics
- Accounting
- Financial Accounting
- Financial Reporting
Course Content
Video 1: Overview
- Introduction to intangible assets.
- Understanding goodwill.
- Nature and recognition cost of intangible assets.
- Acquisition cost.
- Determining useful life, including amortization and impairment.
Video 2: Nature of Intangible Assets and Recognition Criteria
- In-depth exploration of the nature of intangible assets.
- Recognition criteria explained with practical examples.
Video 3: Acquisition Cost and Practice Question Part 1
- Accounting for the purchase of intangible assets.
- Internally developed intangible assets.
- Detailed discussion on useful life, amortization, and impairment.
Video 4: Acquisition Cost and Practice Question Part 2
- Practice questions to reinforce acquisition cost concepts.
- Step-by-step walkthrough of solutions.
Video 5: Goodwill
- Recognition of goodwill in financial statements.
- Practical insights into handling goodwill accounting.
Why Enroll?
This course is a perfect fit for professionals aiming to:
- Enhance their financial accounting knowledge.
- Strengthen their expertise in US GAAP standards.
- Prepare for certifications or improve on-the-job performance.
Join today and take your understanding of intangible assets to the next level!