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Learn Depreciation Accounting with Advanced Excel Model
Accounting for Fixed Assets & Depreciation with a Robust Excel Model to derive/forecast/budget depreciation and Assets
Finance and Accounting,Accounting and Bookkeeping,Tally Prime
Lectures -16
Resources -1
Duration -59 mins
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Course Description
Depreciation Accounting for Fixed assets is a usual activity and process for any accountant in his/her job, but things can get 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 and helps you in budgeting and forecasting depreciation costs for the next year (years to come). Also when there are assets sale/disposal you need to figure out the 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, and the impact of the sale of assets (profit and loss) on your profit and loss statement and Balance sheet
The 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 receive a 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 professionals/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
- 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
- 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 the introduction section of this course)
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction
3 Lectures
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Introduction 03:18 03:18
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Minimum requirements before taking the course 01:01 01:01
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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
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