A nurse who completes the ONS certificate program earns the ONS Chemotherapy Provider Card and a certificate of completion, which indicate she has a high level of knowledge and skills in administering the drugs. She also receives 15 continuing education credit hours to go toward other certifications or licenses.
Fixed assets are tangible property that a business uses in the process of producing income. To qualify as a fixed asset, the item cannot be consumed or sold in less than a year. Fixed assets are listed on a companyâs balance sheet and are subject to depreciation.
Accounting for Fixed Assets. Financial professionals use the accrual system to account for fixed assets. A fixed asset has a limited life, and you recognize the benefits that accrue from these assets over their useful life; therefore, fixed assets are not recorded at the time of purchase.