Understanding US GAAP 360: Accounting for Property, Plant, and Equipment (PPE)

What you'll learn

Overview

of PPE
Cost of Assets
Depreciation and its methods
Capitalization of Interest
Disposal of Asset
Non-Monetary Exchanges of Assets
Natural Resources and Depletion

Requirements

Basic accounts knowledge is recommended but not required.

Description

Learn how to account for Property, Plant, and Equipment (PPE) under US GAAP with this beginner-friendly course on ASC 360. Whether you're a student, accounting professional, or preparing for exams like CPA or CMA, this course will help you understand the key rules and concepts in a simple way.We start with the basics of what PPE includes — long-term assets like buildings, machines, and furniture used in a business. You'll learn how these assets are recorded, how their cost is calculated, and how they lose value over time through depreciation.The course covers important topics like:Cost of Assets: What to include in the cost of land, buildings, and equipment.Depreciation: Different ways to spread the cost of assets over their useful life.Capitalization of Interest: When and how to add interest costs to the asset's value.Disposal of Assets: What to do when you sell or throw away an asset.Non-Monetary Exchanges: How to handle asset swaps or exchanges.Natural Resources: How to record things like oil, gas, or minerals and calculate their depletion.Each topic is explained with real-life examples and simple practice questions so you can apply what you learn. No complicated terms or advanced knowledge needed — just clear explanations and useful tips.Topics Covered:Accounting, Financial ReportingWho Should Take This Course?Accounting students and beginnersCPA/CMA exam candidatesFinance professionalsAnyone who wants to learn US GAAP rules for fixed assetsStart learning today and build a strong foundation in US GAAP accounting for PPE!

Who this course is for

This course is for accounts professionals, finance students, and anyone with accounts background looking to enhance their skills.
Homepage:

https://www.udemy.com/course/cpa-far-us-gaap-asc-360-property-plant-equipments-ppe/