Learn Depreciation Accounting with Excel FREE with a Robust Excel Model to derive/forecast/budget depreciation and Assets
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What is Depreciation?
- In accounting terms, depreciation is the reduction of documented cost of a fixed asset in a systematic manner until the value of the asset written down to zero or negligible.
- An example of fixed assets are buildings, furniture, office equipment, plant & machinery, etc.. A land is the only exception which cannot be depreciated as the value of land appreciates with time.
- Depreciation allows a portion of the cost of a fixed asset to the revenue generated by the fixed asset.
- This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use
- This helps in getting a complete picture of the revenue generation transaction
- 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
- Depreciation Accounting with Excel, since Excel is go to tool for any Accountant or Analyst at most organisations around the globe
- 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)
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, you can learn more about Model here, also option to download template only!
As Bonus I cover another important topic with regards to Depreciation, which is tax benefit or depreciation tax shield, this can be very useful if your country’s taxation laws allow higher rate of depreciation for assets.
This will create a short term benefit to new businesses and help you grow even if you have invested in Fixed Assets early!
I will releasing another course in near future covering other methods of Deprecation (WDV or DB method, DDB Method, SYD Method, Production Units Method) along with each method’s template as well. This Course will also cover Fixed Assets and its control framework in an organisation
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 !
- 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)