Description

Description

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

Requirements

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

Course Images

Accounting For Depreciation with Advanced Excel Model

By iStudy UK

Booking options

Highlights

Description

About The Provider

Tags

Reviews