PP&E Accounting (ASC 360) 1.5 CPE

This course, presented by Technical Accounting in collaboration with Google Fixed Assets, focuses on PP&E Accounting at Alphabet. It is geared toward Googlers in Alphabet corporate reporting and accounting. Topics in this course include:

• An overview of Alphabet’s PP&E policy, including updates related to SAP-R3.
• Identification of the scope and definitions within Alphabet’s PP&E policy.
• Alphabet’s PP&E processes and steps:
• Subsequent measurement
• Impairment
• Disclosure
• The GFA convention process

Successful completion of this course will result in 1.5 CPE credits for CPAs.

Note: This course content is provided by Google, and Illumeo is the CPE credit provider.

Prerequisites

No advance preparation or prerequisites are required for this course. 

Learning Objective

• Discover the criteria that an asset must meet to qualify for capitalization.
• Explore the three types of capitalization processes for Alphabet’s fixed assets.
• Explore the life cycle of an asset (Placed in service (PIS), Construction in progress (CIP) to depreciation).
• Identify how gains and losses from asset sale or disposal are classified and what disclosures need to be included in financial statements.
• Recognize the importance of Alphabet's Annual Convention process and the steps included in this process.

Last updated/reviewed: March 20, 2024