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 !
- 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)
- 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)
|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 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)|
This course is for anyone who's interested in this topic and wants to learn more about it. This course will also help you gain potential professional skills.
No prior qualifications are needed to take this course.
You can study this course from wherever and whenever you want. You can study at your own pace and from any device. Just log in to your account from any device and start learning!
Yes, there is a test at the end of the course. Once you’ve completed all the modules of the course, you will have to give a multiple-choice test. The questions will be based on the topics of the modules you studied. And of course, you can take the test at any time, from any device and from anywhere you want.
Don’t worry if you fail the test, you can retake it as many times as you want.
You don’t have to wait a minute after your payment has been received, you can begin immediately. You will create your login details during the checkout process and we will also send you an email confirming your login details.
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After you complete the course, you’ll immediately receive a free printable PDF certificate. Hard Copy certificate is also available, and you can get one for just £9! You may have to wait for 3 to 9 days to get the hard copy certificate.