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$29
What you'll 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
Course Overview
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, the impact of the 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!
Pre-requisites
- 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)
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)
Curriculum 16 Lectures 01:01:30
-
Section 1 : Introduction
- Lecture 2 :
- Minimum requirements before taking the course
- Lecture 3 :
- Download master depreciation template
-
Section 2 : What is Depreciation? What is amortization? And related terms
- Lecture 1 :
- Definition of Depreciation
- Lecture 2 :
- What is amortization? (Depreciation vs Amortization)
- Lecture 3 :
- What are the related terms (other terms) to Depreciation?
- Lecture 4 :
- What is depreciation
-
Section 3 : Various methods of depreciation and Depreciation Accounting
- Lecture 1 :
- Most common methods of Depreciation
- Lecture 2 :
- Accounting for Depreciation
-
Section 4 : Depreciation and Taxation
- Lecture 1 :
- Depreciation Tax Shield
- Lecture 2 :
- Depreciation Tax Shield Under Various Depreciation Methods
-
Section 5 : Depreciation and Taxation
- Lecture 1 :
- Introduction and basics of Depreciation Model in Excel
- Lecture 2 :
- Deep Dive into Depreciation Model
- Lecture 3 :
- How to use the model with Example
- Lecture 4 :
- Advanced functionalities of the Mode
-
Section 6 : Conclusion (Thank you)
- Lecture 1 :
- Thank you for enrolling
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Instructor
238821 Course Views
3 Courses
I am an Experienced Finance Professional (Chartered Accountant) with varied experience in the field of Finance, Accounting, Auditing and Operations having worked with many (diversified) industries throughout my career
I have hands-on and thorough practical knowledge and experience in routine accounting challenges that every accountant comes across (gained through tons of trials and errors with practical accounting issues faced and solved during my career)
Being an Excel, Data analysis, BI and ETL enthusiast, I love report automation while keeping the accuracy and reliability of any accounting or management report at 100%.
I have automated and enhanced daily accounting reporting tasks and improved reporting styles which have saved tons of hours of work for my colleagues and organisations
I have substantial experience gained throughout my career to improve and automate reports using Microsoft Excel, I use the following techniques and tools routinely :
♦ Advanced Formulas and Functions♦ Data Transformation and Data Cleaning using Power Query♦ Report Automation: Source file to Final Report♦ Excel VBA♦ Pivot Tables, Power BI♦ Power Query (Get & Transform)♦ Power Pivots and DAX
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