Depreciation, Amortization and Depletion

This course addresses the three important fixed production cost elements resulting from acquiring various assets including tangible assets (cost expressed as depreciation), non-tangible assets (cost expressed amortization) and non-renewable resources/ assets (cost expressed as depletion).To this extent , the course provides full explanations regarding asset acquisition costs, service life, economic life, depreciate amount, salvage/scrap value, book value, depreciation accruals, accumulated depreciation and other related concepts.

To provide in-depth understanding, depreciation is considered in terms of its various contexts including decline in value, deterioration of assets, obsolescence, asset replacement and others. Taxation, depreciation and tax holiday are also considered showing various depreciation mathematical calculation models reflecting accelerated, decelerated and uniform depreciation. Detailed comparative calculations applying various models and procedures for different countries applying different depreciation/taxation rules for several assets are also presented.

After completing this course, you will be able to:

Appreciate the various contexts of depreciation and able to calculate the appropriate accruals

Utilize the most appropriate mathematical model for calculating depreciation in compliance to the taxation rules and regulations in their countries

Apply the right depreciation calculation when preparing project feasibility study and appraisal

Differentiate clearly between appreciation and (depreciation, amortization and depletion)

Ensure that depreciation calculations are compliant with IFRS (International Financial Reporting Standards - previously IAS) and satisfy the requirements to prepare end-of-year financial account.

Who are your targeted students?

- University students in accounting/finance/economics/ engineering

-Accountants/financial analysts/cost estimators/cost engineers/cost analysts

-Planners/ cost controllers.

-Project evaluators and those who are involved in project appraisals and feasibility studies.

-investors and investment analysts, performance evaluators and reporters.

-Trainers who like to enrich their knowledge in this field.