Understanding US GAAP 360: Accounting for Property, Plant, and Equipment (PPE)
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.
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.
Course Content
- Overview –> 1 lecture • 12min.
- Cost of Assets –> 1 lecture • 26min.
- Depreciation Methods –> 1 lecture • 47min.
- Capitalization of Interest –> 1 lecture • 24min.
- Disposal of Assets –> 1 lecture • 13min.
- Non-Monetary Exchanges of Assets –> 1 lecture • 10min.
- Natural Resources and Depletion –> 1 lecture • 20min.
Requirements
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 Reporting
Who Should Take This Course?
- Accounting students and beginners
- CPA/CMA exam candidates
- Finance professionals
- Anyone who wants to learn US GAAP rules for fixed assets
Start learning today and build a strong foundation in US GAAP accounting for PPE!