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Fixed Assets & Depreciation Accounting with Excel Models
Rating: 4.3 out of 5(508 ratings)
7,397 students

What you'll learn

  • Apply straight-line (SLN), declining balance (DB), and double declining balance (DDB) depreciation methods to real assets
  • Calculate profit or loss on asset disposals accurately, including mid-year and partial-period transactions
  • Forecast and budget depreciation costs for future periods using a professional Excel model
  • Build and use the included Pro Excel Template to manage depreciation for up to 50 assets across three methods
  • Construct correct journal entries for depreciation charges, disposals, and their impact on the P&L and balance sheet
  • Identify and correct common depreciation errors that affect financial reporting and audit outcomes

Course content

7 sections17 lectures1h 19m total length
  • Introduction3:18

    Introduction to the course and Instructor intro 

  • Minimum requirements before taking the course1:01
  • Download master depreciation template2:11

    This course includes two Excel depreciation templates. This lecture covers the original

    course template. For the newer Pro template (SLN, DB, and DDB — up to 50 assets), see

    the bonus lecture at the end of the course.


    ──────────────────────────────────────

    WHICH TEMPLATE SHOULD YOU USE?

    ──────────────────────────────────────


    Original Template (this lecture)

    Best for: Year-over-year fixed asset tracking for a business or audit engagement

    Structure: Multi-year, multi-block, VBA-powered

    Methods: Straight-line (SLN)

    Capacity: 5 asset blocks, up to 1,000 rows per block

    Use when: You need to carry forward an asset register from one financial year to the next


    Pro Template (bonus lecture)

    Best for: Depreciation calculations, budgeting, and analysis across three methods

    Structure: Single-file, dashboard-driven

    Methods: SLN, DB, and DDB

    Capacity: Up to 50 assets

    Use when: You want a clean, modern model with live KPIs and a validation report


    Both templates are free for enrolled students.


    ──────────────────────────────────────

    ORIGINAL TEMPLATE — SETUP INSTRUCTIONS

    ──────────────────────────────────────


    Step 1: Enable macros before opening

    Go to File > Options > Trust Center > Trust Center Settings > Macro Settings

    Select "Disable all macros with notification" and click OK

    This allows the template to function correctly without enabling all macros by default


    Step 2: Unprotect sheets only when needed

    The sheets and VBA module share the same password (provided in the downloadable resource)

    Unprotect only if you need to add or delete asset blocks, add rows, or rename blocks

    Re-protect the sheet before sharing with colleagues


    Step 3: Plan your asset blocks before you start

    This is the most important setup step.


    The template uses a year-carry-forward structure. Once you carry the first-year sheet

    forward to Year 2, you cannot add new rows to any block without causing opening balance

    errors in columns L and AC.


    Before you begin entering any data, set up enough blocks and rows in Year 1 to

    accommodate future asset additions. You will not need to add rows later if you plan

    correctly from the start.


    The template includes 5 blocks with 1,000 rows each — sufficient for most small to

    medium-sized businesses and audit engagements.


    If you have questions about setup or run into an issue, post in the Q&A section.

    I respond to all questions directly.

Requirements

  • Basic to Intermediate knowledge of Microsoft Excel
  • Basic understanding of double-entry accounting (debits, credits, P&L, balance sheet)
  • Microsoft Excel 2010 or later (Windows or Mac)
  • Accounting terms for fixed assets and depreciation are explained in the introduction section

Description

Depreciation accounting sounds straightforward — until you're managing 30 assets, mid-year disposals, multiple methods, and a manager waiting for accurate numbers.

This course gives you both the theory and the tools to handle it properly.


BONUS: FREE PRO DEPRECIATION TEMPLATE — NOW INCLUDED

A new lecture has been added exclusively for enrolled students.

You will receive the Pro Depreciation Calculator — a professionally built Excel model that handles:

  • Up to 50 fixed assets in a single file

  • Three depreciation methods: SLN (Straight Line), DB (Declining Balance), and DDB (Double Declining Balance)

  • Mid-year asset additions and disposals

  • Live Dashboard with KPIs — total cost, accumulated depreciation, net book value, tax shield

  • Automated Validation Report — flags errors before they reach your books

  • Monthly depreciation output schedule

  • Power Query-enhanced detailed report

This template is free for all enrolled students. Details are in the bonus lecture inside the course.


WHAT THIS COURSE COVERS

Over 7,300 accountants, auditors, and finance professionals have used this course to sharpen their depreciation knowledge and build models they can rely on.

The course focuses on the practical realities of fixed asset accounting — not just the formulas, but the situations where things go wrong:

- What happens when an asset is purchased or disposed of mid-year?

- How do you calculate the exact gain or loss on disposal?

- How do you forecast depreciation for next year's budget?

- What is the balance sheet and P&L impact of each transaction?


You will work through real examples and learn how the depreciation model handles each scenario — including the ones your colleagues struggle with.


WHO BUILT THIS

Prashant Panchal is a Chartered Accountant (ACA) and FMVA® with 19 years of senior finance experience across the GCC — including 13 years as Finance Director at a multi-country operation. He has personally built and used depreciation models in live finance functions, audit engagements, and FP&A cycles.

This course is built from that experience — not from textbooks.

Who this course is for:

  • Accountants who want to sharpen their practical knowledge of fixed asset and depreciation accounting
  • Auditors testing depreciation balances and disposal calculations for clients FP&A professionals who need to forecast and budget depreciation accurately
  • Finance managers building or reviewing a fixed asset register for the first time Non-accounting entrepreneurs who need to understand the depreciation impact on their P&L and investment returns