Description

This course provides a comprehensive overview of accounting for depreciation and non-controlling interest. Depreciation is a crucial aspect of accounting that impacts the financial statements and decision-making process within organizations. Additionally, understanding non-controlling interest is essential for companies with subsidiaries and complex ownership structures. Through this course, students will explore various methods, entries, and scenarios for accounting depreciation, as well as the intricacies of non-controlling interest and consolidation processes.

What you'll learn

• The fundamental concepts of depreciation accounting and its role in financial reporting.
• Different methods of calculating depreciation, including the Unit of Production Method.
• How to record depreciation entries and manage them using ERP systems.
• How to analyze financial statements with a focus on depreciation impacts.
• Reconciliation techniques for depreciation entries and examples of balancing financial records.
• How to account for capital expenditures, assets under construction, and component depreciation.
• The concept of impairment, its reversal, and practical case studies.
• The differences between depreciation, depletion, and revaluation methods.

Who this course is for:

• Accounting professionals seeking to deepen their knowledge of depreciation accounting and asset management.
• Finance students looking to enhance their understanding of depreciation methods and financial reporting.
• Business owners or managers who want to learn how depreciation impacts financial statements.
• Individuals working in or aspiring to work in roles involving financial analysis or reporting.
• ERP users or accountants working with asset management and depreciation modules.
• Anyone preparing for accounting certification exams or advanced financial roles.
• Professionals interested in learning about non-controlling interest and consolidation processes.
• Entry-level finance or accounting staff seeking practical knowledge in depreciation and asset-related accounting.

Requirements

• Basic understanding of accounting principles and financial statements. Familiarity with general bookkeeping practices. Knowledge of financial terms and concepts. Experience with accounting software or ERP systems is helpful but not mandatory. A willingness to learn about depreciation, asset management, and financial reporting.
• Access to a calculator or spreadsheet software for performing depreciation calculations. An interest in enhancing your accounting and financial analysis skills. No prior experience with non-controlling interest or advanced financial consolidation is required.