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Thomson Reuters is offering a continuing education program for accounting and audit professionals who focus on fixed assets and depreciation tax cases. Checkpoint Learning Tangible Property Certificate Program provides them understanding of the uniform capitalization rules issued by the IRS.

Candidates who successfully complete the coursework and final exam can earn a certificate and approximately 31 hours of continuing professional education credit.

The program, delivered via the Checkpoint Learning Platform, contributes to an understanding of the lifecycle of an asset, including the initial determination of when the expenditure should be capitalized, when it falls under the repair guidelines, and when it falls within the de minimis guidelines. Participants can learn to distinguish between separate assets and component parts of assets, which is vital when determining whether to capitalize or expense an asset.

"The treatment of fixed assets is a critical area in every business, but it can be difficult for practitioners to differentiate between a repair of a major asset and a replacement," Chris Horne, senior director of operations and business development with the Thomson Reuters Tax & Accounting business, said in a prepared statement.

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