Depreciation, Amortization and Depletion
3.0 (1 rating)
9 students enrolled
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# Depreciation, Amortization and Depletion

Depreciation, Amortization and Depletion
3.0 (1 rating)
9 students enrolled
Last updated 3/2017
English
Current price: \$10 Original price: \$25 Discount: 60% off
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Includes:
• 1 hour on-demand video
• Access on mobile and TV
• Certificate of Completion
What Will I Learn?
• 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 that can enable them maximize tax holiday
• Apply the right depreciation calculation when preparing project feasibility study and appraisal
View Curriculum
Requirements
• Basic mathematics
• Basic/Introductory Accounting/Cost Accounting/Cost Estimation
• Production cost elements
• Time value of money (compounding & discounting)
Description

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.

Who is the target audience?
• University students in accounting/finance/economics/engineering
• Accountants/financial analysts/cost estimators/cost engineers/cost analysts
• Cost Controllers
• Planners
• Project evaluators and those who are involved in project appraisals and feasibility studies
• Investors and investment analysts
• Trainers who like to enrich their knowledge in this field
• Performance evaluators and reporters
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Curriculum For This Course
13 Lectures
55:20
+
Types of Assets, Definitions
3 Lectures 10:05
Preview 05:28

Preview 02:21

Context of Depreciation
02:16

What we should do when we have non-tangile assets?

Non-Tangible Assets
1 question
+
Calculation of Depreciation
10 Lectures 45:15
Calculation of Depreciation
01:22

Straight Line Depreciation (Uniform)
11:46

Reducing Balance Depreciation (Accelerated)
05:20

Straight Line vs Reducing Balance Depreciation
03:16

Sum-of-The-Years-Digits Method (Accelerated)
02:16

Unit-of-Production Method (Accelerated or Decelerated)
03:58

Decelerated Depreciation
01:54

Capital Recovery
04:58

Preview 04:27

Amortization and Depletion
05:58
 3.7 Average rating 15 Reviews 2,003 Students 4 Courses
Management & Actuarial Consultant

A Freelance Management and Actuarial Consultant and Trainer.

Expert in actuarial studies, (pension, insurance and investment), feasibility/ impact assessment/appraisals, technical /financial performance evaluation, actuarial /financial modeling and analyses, strategic planning /balanced score cards & KPIs, cost estimation, budgeting/financing/capital structure, fund raising/borrowing capacity assessment, reform /restructuring for long term financial sustainability, training/coaching /capacity building.

Education Background

- B.Sc., Chem.Eng.Baghd, University, 1975

- Short Dipl. Micro economics & Econometrics, the Economics Institute, University of Colorado, 1983.

Certification & Honors Background

- Certified Cost Engineer (CCE) from the American Association of Cost Engineers (AACE), in 1987. No.01127.

- Certified by EU/EUROMED Innovation Technology Program (Medibtikar) as Coach/Trainer on various aspects of incubators/incubates projects.

- Authorized Trainer- Cambridge College International Certification Center, 2016.

- Authorized by ILO International Training Center, in Turin to utilize and apply training manuals and modules for Actuarial Studies Preparation, Pension & Social Security Financing, Social Security & Pension Reform and Investment of Pension Funds, 2009.

- Assigned by the Jordanian Court Appeal, as Expert for Financial Valuation and Technical & Engineering expert opinion on disputes and arbitration.

- Selected as member of the Royal Committee for Developing Administrative Reform and Development Strategy for Jordan Public Sector, assigned by his Majesty King Abdulla II.

- Selected as member/assessor of Jordan Engineers Association (JEA) Committee for Evaluation of Innovative Projects/Ideas Award.

- Selected as Chairman/ member of various technical /professional committees (actuarial studies, pension reform, budget preparation, projects development, tenders, and many others).

- Selected as Chairman/member of Board for various companies in the fields of industry, investment, services and hospitality.

Training Record

- Feasibility Study for Projects (Basics, general, project appraisal, specialised-energy, water & sanitation, electricity, development projects, fund raising, etc.)

- Evaluation of project social & Economic Impact.

- Preparation & development of business plans and implementation and performance evaluation for projects.

- Cost estimation and analysis for investment projects.

- Actuarial studies and reform plans for pension funds, social security schemes & insurance companies. (Basics of actuarial science and long term financial (actuarial) models & principles & preparation of actuarial studies, reform proposals, implementation and evaluation).

- Strategic planning( Basics of strategic plan preparation & balanced scored cards –BSC, Plan development, implementation and monitoring &evaluation of quarterly and yearly achievements).

- Financial management(Basics of FMS, Financial analysis & evaluation of performance, fund raising, financing , access to finance & financial modelling for various purposes)

- Budget preparation, Budgeting process assessment, budgeting as control tools, financial statements and concluding accounts.

- Training of Trainers (TOT)/ (TTT), general & specialized.

- Basic Supervisory skills & contract management (FIDIC), for supervisors engineers in water projects.

- Demand analysis, estimation & forecasting.

Training Delivered (1986 - 2016)

2016:

- Key Expert & Training Team Leader at EBRD Bank Project “Reliable Water Quality for Jordan-Financial Management Training” for Water Authority of Jordan (WAJ). Implemented by: Project Planning & Management Ltd, Sofia/Bulgaria. 1/2/2016-19/5/2016

- Conducted a course on: “Training of Trainers (TOT) on Development Projects Economic Evaluation” for Ministry of Municipalities Affairs (MoMA) & Cities & Villages Development Bank (CVDB): 15/2/2015-5/3/2015) in Amman. 45 hrs.

- Provision of supervision for a training course on: Technical & Economic Feasibility Study of Electricity Transmission Lines Projects, conducted by two Iraqi trainers in Erbil for Ministry of Electricity Iraq & Kurdistan Region -MoEIKR: (10/5/2015-14/5/-2015). 25 hrs.

- Provision of supervision for a training course on: Technical & Economic Feasibility Study of Electricity Substation projects, conducted by two Iraqi trainers in Baghdad for MoEIKR: (26/4/2015-30/4/2015). 25 hrs.

- Conducted a training course on Training of Trainers (TOT) for MoEIKR: (5/4/2015-16/4/2015) in Erbil. 50 hrs.

- Conducted a training course on Training of Trainers (TOT) for Public Electricity Corporation in Yemen: (28/12/2014-8/1/2015 in Amman. 50 hrs.

2015:

- Conducted a course on: “Training of Trainers (TOT) on Development Projects Economic Evaluation” for Ministry of Municipalities Affairs (MoMA) & Cities & Villages Development Bank (CVDB): 15/2/2015-5/3/2015) in Amman. 45 hrs.

- Provision of supervision for a training course on: Technical & Economic Feasibility Study of Electricity Transmission Lines Projects, conducted by two Iraqi trainers in Erbil for Ministry of Electricity Iraq & Kurdistan Region -MoEIKR: (10/5/2015-14/5/-2015). 25 hrs.

- Provision of supervision for a training course on: Technical & Economic Feasibility Study of Electricity Substation projects, conducted by two Iraqi trainers in Baghdad for MoEIKR: (26/4/2015-30/4/2015). 25 hrs.

- Conducted a training course on Training of Trainers (TOT) for MoEIKR: (5/4/2015-16/4/2015) in Erbil. 50 hrs.

- Conducted a training course on Training of Trainers (TOT) for Public Electricity Corporation in Yemen: (28/12/2014-8/1/2015 in Amman. 50 hrs.

2014:

- Conducted three 5-days courses on Project Evaluation for Municipalities Projects for MoMA & CVDB: (20/12/2014-24/12/2014) in Aqaba, Irbid & Amman- Jordan. 75 hrs.

- Conducted a course on Economic & Technical Feasibility Study for Electricity Substations Projects for MoEIKR: (7/12/2014-18/12/2014) in Amman. 50 hrs

- Conducted a course on Economic & Technical Feasibility Study for Electricity Transmission Lines Projects for MoEIKR: (9/11/2014-20/11/2014) in Amman. 50 hrs.

- Conduced a course on Training of Trainers (TOT) for Palestinian Energy and National Resources Authority: (26/10/2014-6/11/2014) in Amman. 50 hrs.

- Conducted a workshop on: Evaluation of Strategic Plan with Balanced Scored Cards for Water Authority of Jordan (WAJ) Strategic Plan Working Group: (28/4/2014-29/4/2014) in Amman. 10 hrs

- Conducted a workshop on: Evaluation of Strategic Plan with Balanced Scored Cards, for WAJ Strategic Plan Steering Committee :( 22/4/2014-23/4/2014) in Amman. 10 hrs.

- Conducted a course on: Basics of Strategic Planning, for WAJ Strategic Plan Working Group. (16/4/2014-17/4/2014) in Amman. 120 hrs.

- Conducted a training course on: Basics of Strategic Planning, for WAJ Strategic Plan Steering Committee :( 14/4/2014-17/4/2014) in Amman. 10 hrs.

- Conducted a course on Training of Trainers (TOT) for MoEIKR: (9/3/2014-20/3/2014) in Erbil. 50 hrs.

- Conducted a course on Actuarial Studies for Libyan Social Security Fund (LSSF) :( 25/1/2014-5/2/2014) in Amman. 50 hrs.

2013:

- Conducted a course on Economic Feasibility Study for Projects for MoEIKR: (8/12/2013-19/12/20130 in Amman. 50 hrs.

- Conducted a course on Actuarial Studies for LSSF (30/11/2013-11/12/2013) in Amman. 50 hrs

- Conducted a course on Actuarial Studies, for Ministry of Finance/Jordan (MoF): 16/6/2013-20/6/2013) in Amman. 25 hrs.

- Conducted a workshop on Feasibility Studies for Development Projects, for Ministry of Planning in Kurdistan region: (21/4/2013-25/4/2013) in Erbil. 25 hrs.

2012:

- Conduced a course on: Supervisory Skills for Supervising Engineers in Water Projects, for Basra Water Supply Improvement Project (BWSIP):10/10/2012-24/10/2012) in Basra-Iraq. 50 hrs.

- Conducted a course on: Financial Management Systems, for (BWSIP):9/7/2012-15/7/.2012 in Amman. 50 hrs.

- Conducted a Workshop on: Development of Feasibility Study Guideline Manual with M&E KPIs, for Iraqi Governorates. (14/2/2012-16/2/2012) in Erbil. 15 hrs.

2011:

- Conducted a training course on: Feasibility Studies for Governorate Level Projects, for Iraqi Governorates :( 11/12/2011-13/12/2011) in Amman. 15 hrs.

- Conducted a course on: Economic Feasibility Study for Projects, for Greater Amman Municipality Managers :( 5/ 2/2011- 17/2/2011) in Amman. 50 hrs.

2010:

- Business Plan Preparation: for IMC: (10/10/2010-13/10/2010) in Amman. 20 hrs.

- Project Feasibility Analysis & Evaluation, for IMC: (14/3/2010-17/3/2010) in Amman. 20 hrs.

- Feasibility Study for Economic Projects, for Bahrain Training Center: (1/2/2010-3.2.2010) in Bahrain. 15 hrs.

2009:

- Conducted a course on: Actuarial Studies, for MOF-Jordan: (21/6/2009-25/6/2009) in Amman. 25 hrs.

- Conducted a workshop on: Project Cost Estimation & Feasibility Analysis & Evaluation, for IMC :( 23/2/2009-26/2/2009) in Amman. 20 hrs.

2008:

- Conducted a training course on Feasibility Study for Economic Projects, for Engineers Training Center :( 14/4/2008-17/4/2008) in Bahrain. 20 hrs.

- Conducted a training course on: Actuarial Studies, for MOF-Jordan (6/4/2008-10/4/2008) in Amman. 25 hrs.

2007:

- Conducted a course on: Project Feasibility Analysis & Evaluation, for IMC :( 9/7/2007-12/7/2007) in Amman. 20 hrs.

- Conducted a course on: Feasibility Study for Economic Projects, for Jordan Association of Engineers: (13/6/2006-15/6/2006) in Amman. 15 hrs.

- Conducted a course on: Feasibility Study for Economic Projects, for Bahrain Society of Engineers: (21//5/2006-25/5/2006) in Bahrain. 25 hrs.

2006:

- Conducted a course on: Feasibility Study for Economic Projects, for Jordan Association of Engineers: (13/6/2006-15/6/2006) in Amman. 15 hrs.

- Conducted a course on: Feasibility Study for Economic Projects, for Bahrain Society of Engineers: (21//5/2006-25/5/2006) in Bahrain. 25 hrs

1986-2005:

- Delivered several courses, workshops, and lectures and worked as training coordinator/organizer in the field of Feasibility Studies, Market Research & Studies, Financial Analysis, and Economic Assessment of Projects. Courses were delivered to: Dimmas Investment Corporation, Kuwait Institute for Scientific Research, Jordan Social Security Corporation, University of Jordan & other organizations & firms.

Professional Affiliations & Special Activities

- Jordan Engineers Association. Since 1975

- Institute of Management Consultants & Trainers. Since 2004

- Jordan Society for Professionalism & Work Ethics. Since 2010

- Kuwait Society of Engineers. (1977-1990)

- Kuwait Environmental Protection Society. (1985-1990)

- American Association of Cost Engineers. (1986-1990)

- American Concrete Institute. (1979-1980)

- Peace Industrial Development Co. (PDI); Chairman of Board (June 2002-March 2003 and Board member (Nov 1996-June 2002).Joint venture between Jordan & Israel.

- Modern Agriculture Investment Co. (MAICO). Vice Chairman Aug.1999-April 2003.Joint venture between Jordan & Israel and International Finance Corporation (IFC)

- Jordan Phosphate Mines Co. (JPMC): Board member 16/9/1999-20/2/2000).

- Jordan Safi Salt Co. (JSSCO): Board member (13/6/1996-13/9/2000).

- Zara Investment Co.: Board member (1/1.2001-30/11/2001). Movenpick Hotel Chain.

- Chairman of Jordan Social Security Corporation (JSSC) budget preparation committee (2002 & 2003) and member (1998, 1999 & 2000).

- Member of Social Security Tender &Projects Committee (1999-2003).

- Member of the Royal Committee for developing administrative reform and development strategy , for Jordan public sector assigned by the Economic Council of His Majesty King Abdulla II.

- Member, Technical Committee for Jordan Dead Sea Industries Co (JODICO) responsible for developing Dead Sea industrial projects (Salt, Bromine, Magnesia, Sulphate of Potassium & other products).

- Chairman of Actuarial Studies Committee (JSSC) responsible for conducting actuarial studies and managing international independent actuaries preparing studies for JSSC.

- Member of committee for merging civil pension system & social security schemes, in Jordan, jointly with International Monetary Fund (IMF).

- Member of Financial, Tender & Internal Audit   committees for: JSSC, JPMC, MICO, JSSCO & PDI during my term as Board member or Chairman of Board.

Publications

I. Papers in Reffreed  Journals

"Cost Effectiveness Analysis of Utilizing Flow Improver Additives for Crude Oil ", Microelectronics Reliability, Vol.25, No.6, 1985, pp. 1151-1156.

II. Reference Book

Analysis and Estimation of Investment Projects Costs.Published in Arabic (1993).Aram Publishing House.Amman.

III. Papers in Conference Proceedings and Seminars

1. " Investments of Public Pension Funds in the MENA Region: Jordan, Bahrain, Oman and Sudan", Presented at the Third Annual Public Pension Fund Management Conference, Washington, Sept. 20-22/2004. The World bank.

2.    "Reforms Related to Public Pension Governance and Management: Jordan and Sudan", Presented at the Third Annual Public Pension Fund Management Conference, Washington, Sept.20-22/2004. The World Bank.

3."Management of Pension Funds in Jordan : the Case of the Jordanian Social Security Corporation.", Presented at World Bank Workshop on Pension Management and Reform.June 9-13/2003. Malta.

4."The Public Pension System in Jordan: Main Challenges and Proposed Reform", presented at  World Bank Workshop on Pension Fund Management and Reform.June 9-13,2003. Malta.

5."Plastic Fillers : Are They Cost Effective?", presented  in the Sixth Annual Meeting of Francaise des Ingenierurs et Technciens De stimation,de planification et de Projets, and the Eleventh International Cost Engineering Congress, April 22-25, 1990. Paris –France.

6."Economic Potentials of Polyner Concrete", presented in the Annual Meeting of the American Association of Cost Engineers.San Diego,June 25-28. 1989. USA.

7."Feasibility of Reducing Seawater Desalination Cost by Reverse Osmosis", presented in the Annual Meeting of the American Association of Cost Engineers. New York,July10-13,1988. USA.

8.“Investment of Social Security Funds : The Case of Jordan”. Presented in ISSA International Meeting of Social Security Actuaries & Statisticians,1995.The Czech Rebuplic.