Learn Depreciation Accounting with Advanced Excel Model
What you'll learn
- 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
Requirements
- 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)
Description
****** Major Update to this Course is coming soon, I will completely revamp the course with additional PRO Excel Templates for other methods of Depreciation: DB (WDV), VDB (DDB), SYD Methods *********
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 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 wants to estimate impact of depreciation on their investment and Profit and Loss over fixed term (usually assets useful life)
Course content
- Preview03:18
- Preview01:01
- 02:11Download master depreciation template
Instructors
![Prashant Panchal, ACA](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.3 Instructor Rating
- 231 Reviews
- 6,434 Students
- 4 Courses
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 almost two decades and I am 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 those using good old Microsoft Excel Spreadsheet application.
I am well versed with:
Advanced Excel Formulas and Functions, Complex Management reports (Financial and other business operation related), Excel Power Query and Power Pivot (also Power BI) and Excel VBA
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 learned 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!
- 4.3 Instructor Rating
- 231 Reviews
- 6,434 Students
- 4 Courses
I am an Experienced Finance Professional (Chartered Accountant) with varied experience in the field of Finance, Accounting, Auditing and Operations having worked with many (diversified) industries throughout my career
I have hands-on and thorough practical knowledge and experience in routine accounting challenges that every accountant comes across (gained through tons of trials and errors with practical accounting issues faced and solved during my career)
Being an Excel, Data analysis, BI and ETL enthusiast, I love report automation while keeping accuracy and reliability of any accounting or management report at 100%.
I have automated and enhanced daily accounting reporting tasks and improved reporting styles which have saved tons of hours of work for my colleagues and organisations
I have substantial experience gained throughout my career to improve and automate reports using Microsoft Excel, I use following techniques and tools routinely :
♦ Advanced Formulas and Functions
♦ Data Transformation and Data Cleaning using Power Query
♦ Report Automation: Source file to Final Report
♦ Excel VBA
♦ Pivot Tables, Power BI
♦ Power Query (Get & Transform)
♦ Power Pivots and DAX