[Free] Cpa Far Us Gaap Asc 350: Accounting For Intangible Assets
Exploring Intangible Assets: A Closer Look at Their Significance and Value – Free Course
What you’ll learn
- Overview
- Nature of Intangible Assets and Recognition Criteria
- Acquisition Cost
- Goodwill
Requirements
- Basic accounts knowledge is recommended but not required.
Description
Intangible assets might not be something you can touch—but their impact on financial statements is huge. In this course, we break down US GAAP ASC 350 in a way that’s easy to understand, practical, and relevant for today’s accounting world.We’ll start with the basics: what intangible assets actually are and why they matter. From trademarks and patents to customer lists and goodwill, you’ll get a clear picture of how these assets are identified, valued, and accounted for.
You’ll learn when and how intangible assets should be recognized, how acquisition costs are treated, and what it means when an asset has a “useful life.” We also dive into amortization, impairment, and how to deal with internally developed vs. purchased intangibles. And yes—there’s a whole section dedicated to goodwill and how it’s handled in business combinations.We’ve kept things practical and focused. Each topic is explained in plain language, with examples and practice questions to help you apply what you learn right away.
What you’ll learn:
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The nature and types of intangible assets
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Recognition criteria under ASC 350
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Acquisition costs and how they’re treated
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Amortization, impairment, and useful life
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How goodwill is recognized and accounted for
Who this course is for:
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CPA candidates
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Accounting and finance students
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Professionals looking to sharpen their US GAAP knowledge
If you’re looking to build real confidence in this area of financial accounting, this course is for you. Let’s make ASC 350 feel a whole lot simpler—together.
Author(s): CPA & CA Kamal Chhabra
