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Learn Depreciation Accounting with Advanced Excel Model

person icon Prashant Panchal

4.5

Learn Depreciation Accounting with Advanced Excel Model

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

updated on icon Updated on Apr, 2024

language icon Language - English

person icon Prashant Panchal

category icon Business,Finance,Accounting & Bookkeeping

Lectures -16

Resources -1

Duration -59 mins

4.5

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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
  • play icon Introduction 03:18 03:18
  • play icon Minimum requirements before taking the course 01:01 01:01
  • play icon Download master depreciation template
What is Depreciation? What is amortization? And related terms
3 Lectures
Tutorialspoint
Various methods of depreciation and Depreciation Accounting
2 Lectures
Tutorialspoint
Depreciation and Taxation
2 Lectures
Tutorialspoint
Master Depreciation Model (how to use)
4 Lectures
Tutorialspoint
Conclusion (Thank you)
1 Lectures
Tutorialspoint

Instructor Details

Prashant Panchal

Prashant Panchal

e


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