Fixed Asset Management & Depreciation for Government Contractors
Most fixed asset and depreciation tasks are common across companies of all types and sizes. Companies need to track assets for insurance and liability concerns whether or not the asset is depreciated or even owned by the organization. Accurate fixed asset listings are necessary to support the balance sheet and ensure the proper calculation of depreciation for book and tax purposes. Government contractors encounter unique issues when buying property for the government such as equipment for use on a specific contract. We'll cover all of these topics and more, including the proper recording of book depreciation for GAAP compliance.
Learning Objectives
- Describe the difference between book and tax depreciation
- Explain the importance of recording book depreciation
- Define expensed and capitalized items
- Explain the process of fixed asset management
- List fixed asset issues unique to government contractors
CPE
Left Brain Professionals is the registered sponsor of this event.
Left Brain Professionals Inc is registered with the Ohio Board of Accountancy (license CPE.445) as a sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the Ohio Board of Accountancy through its website: https://elicense.ohio.gov/oh_filecomplaint.
Speaker and Presenter Information
Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 18+ years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts.
Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.
The West Virginia native earned a bachelor’s degree in accounting from the McColl School of Business at Queens University of Charlotte in North Carolina. He holds a master’s degree in accountancy from The Graduate School of the College of Charleston in South Carolina. He is a licensed CPA in the State of Ohio.
Relevant Government Agencies
Air Force, Army, Navy & Marine Corps, DOD & Military, NASA, Federal Government, NSA
Event Type
On-Demand Webcast
This event has no exhibitor/sponsor opportunities
Cost
Complimentary: $ 0.00
Website
Click here to visit event website
Organizer
Left Brain Professionals Inc.
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