Learn Depreciation Accounting with Advanced Excel Model

Name: Learn Depreciation Accounting with Advanced Excel Model
Rating: 4.7 (2 reviews)
Author: Prashant Panchal

Accounting for Fixed Assets & Depreciation with a Robust Excel Model to derive/forecast/budget depreciation and Assets

updated on icon Updated on Oct, 2023

language icon Language - English

person icon Prashant Panchal

architecture icon Business,Finance,Accounting & Bookkeeping

Lectures -16

Resources -1

Duration -59 mins

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Course 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, 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 the 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!

Who this course is for:

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 want to estimate the impact of depreciation on their investment and Profit and Loss over a fixed term (usually assets useful life)

Goals

What will you learn in this course:

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

Prerequisites

What are the prerequisites for this course?

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)

Learn Depreciation Accounting with Advanced Excel Model

Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction
3 Lectures

Introduction 03:18 03:18
Minimum requirements before taking the course 01:01 01:01
Download master depreciation template

What is Depreciation? What is amortization? And related terms
3 Lectures

Various methods of depreciation and Depreciation Accounting
2 Lectures

Depreciation and Taxation
2 Lectures

Master Depreciation Model (how to use)
4 Lectures

Conclusion (Thank you)
1 Lectures

Instructor Details

Prashant Panchal

An Excel Expert & BI Enthusiast, ACA, Finance & Accounting Professional

Hey, I am Prashant Panchal. I like helping fellow Accountants, Auditors and Analysts to become PRO at using Microsoft Excel.

I have been using Excel for mainly Accounting and Analytics for more than 13 years and I quite enthusiastic about sharing my knowledge with fellow Accountants, Analysts, or any Excel user

I have come across many challenging reporting and analytics situations during my career, and I was able to resolve the same using good old Microsoft Excel Spreadsheet application.

With me, you will find Basic to Advanced Excel formulas and Functions, Tips and Tricks, Excel VBA ready to use codes.

The thing I am most excited to share with you is Modern Excel Tools training and its basics to make your life easier as an Accountant or Analyst for Data cleaning, and Report automation

With Techniques I have acquired using Excel for so many years, I pretty sure I can reduce your routine workflow (time and efforts) to half or even more.

While I love traditional formulas and function, Pivot tables and Excel VBA, I feel that its time to go beyond and discover amazing Power Tools offered by Microsoft these days.

These tools include Power Query for Excel (Get and Transform), DAX formulas Engine with Excel Power Pivot.

Don't worry if you have not heard about these tools, you will learn about them in details (basics to advanced) with me without any pain!

My Speciality lies in Data Analytics and ETL (Extract Transform and Load)

While formulas, Functions, Excel VBA can automate reporting and calculations for your projects, but when you are dealing with repetitive tasks, there is nothing better than Power Query.

So I am a big proponent of Automation of Data and reporting: Source data to Reporting with minimum manual steps involved with 100% Accuracy of Output reports

By the way, I am a Chartered Accountant by Qualification, and well versed with hands-on Corporate Financial Accounting and Reporting for diversified industries

So don't worry you are in good hands and a trusted source for your Excel problems and become Excel superuser

Cheers!