Booking options
£25
£25
On-Demand course
1 hour 1 minutes
All levels
Depreciation Accounting for Fixed assets is usual activity and process for any accountant in his/her job, but things can get really tricky and difficult when there are numbers of assets and there are transactions like disposal, sale and purchase in mid-month/mid-year.
This course is designed to help you understand the concept of depreciation through practical situations and examples
It is very important to have a robust Fixed assets and depreciation model in place which calculates accurate depreciation monthly, helps you in budgeting and forecasting depreciation costs for next year (years to come). Also when there are assets sale/disposal you need to figure out exact profit or loss on such sale/disposal (especially when it takes place on old days in the month/year)
I will guide you through practical accounting issues and situations while accounting for depreciation, forecasting depreciation costs, impact of sale of an assets (profit and loss) on your profit and loss statement and Balance sheet
Depreciation model which I have prepared for the course is quite robust and takes care of any practical scenario in dealing with situations
At end of his course, you will have hands-on experience in dealing with any challenging depreciation and fixed assets accounting situation and its financial impact (which your manager would want to know accurately). You will also receipt free copy of the template used in the course !! So let's dive into it !
What Will I Learn?
Hands on knowledge on how depreciation and fixed assets accounting works
Fixed assets and depreciation forecasting in Business budgeting
The impact of the sale of assets prematurely on your profit and loss for the period
Basic to Intermediate knowledge of Microsoft Excel
Basic to Intermediate knowledge of Accounting (Practical Accounting)
Accounting terms for Fixed Assets and Depreciation (briefly explained in introduction section of this course)
Who is the target audience?
Accountants who want to sharpen their practical accounting Knowledge for Fixed Assets and depreciation Accounting
Auditors who want to audit effectively for Fixed assets and depreciation for their clients
Non-Accounting professional/Entrepreneurs who wants to estimate impact of depreciation on their investment and Profit and Loss over fixed term (usually assets useful life)
Introduction | |||
Accounting For Depreciation with Advanced Excel Model Introduction | 00:03:00 | ||
Minimum requirements before taking the course | 00:01:00 | ||
What is Depreciation? What is amortization? And related terms | |||
What is Depreciation | 00:02:00 | ||
What is Amortization? | 00:02:00 | ||
What Are The Related Terms | 00:02:00 | ||
Various methods of depreciation and Depreciation Accounting | |||
Most common methods of Depreciation | 00:09:00 | ||
Depreciation Accounting | 00:05:00 | ||
Depreciation and Taxation | |||
Depreciation Tax Shield | 00:04:00 | ||
Depreciation Tax Shield Under Various Depreciation Methods | 00:03:00 | ||
Master Depreciation Model (how to use) | |||
Introduction and basics of Depreciation Model in Excel | 00:01:00 | ||
Deep Dive into Depreciation Model | 00:07:00 | ||
How to use the model with Example | 00:10:00 | ||
Advanced functionalities of the Model | 00:11:00 | ||
Conclusion (Thank you) | |||
Conclusion | 00:01:00 |
We understand more than anyone how important it is for yo...