A presentation outlining the reducing balance method for depreciation. This is a new skill required of VCE students in the new VCE Accounting Study Design and attempts to explain the concept in plain English.
Depreciation methods; units of production and reducing balanceGeoff Burton
In this presentation we talk about two less-commonly used methods of calculating depreciation. These are called the units of production method and the reducing balance method.
Depreciation methods; units of production and reducing balanceGeoff Burton
In this presentation we talk about two less-commonly used methods of calculating depreciation. These are called the units of production method and the reducing balance method.
This presentation is based on the subject Financial Accounting which helps the beginners to know the basic concept of accounting . This is according to the syllabus of Pt. Ravishankar University , Raipur and Durg University, Durg.
Ledger in financial accounting (11th commerce)Yamini Kahaliya
This presentation is on ledger which is the topic of financial accounting. it contents details about following points. There are:-
1. Meaning of ledger
2. Need & Importance of ledger
3. Advantage of Ledger
4. Difference b/w Journal & ledger
5. Format of ledger
6. Rules of posting
7. Illustrations
8. Exercise
The Cash Flow Statement translates earnings in the Income Statement into cash inflows. Explained in detail above as a part of the topic “Financial accounting”, is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Control accounts the account which represents a particular sub ledger, sales ledger and purchases ledger control accounts.
At the end of an accounting period the accounts are balanced off and a trial balance prepared to check the accuracy of the book keeping entries. If a trial balance fails to balance this usually indicates that an error or errors may have been made and needs to be identified. As the business expands the accounting requirements increase which may lead to more errors occurring which are very difficult to find.
An asset is a property or resource having monetary value, which is capable of producing some future economic benefit, owned by an individual or entity
Simply stated, assets represents the value of ownership/possession that can be converted into cash
In financial accounting concept, assets are resources that can generate cashflow
The balance sheet of a firm records all the current as well as non-current assets owned by the firm
Current Assets
Current assets are short-term economic resources that are expected to be converted into cash within one year
Examples_
Stock
Inventories
Prepaid Expenses
Marketable Securities
Short-term Investments
Fixed Assets
These assets are long-term resources that cannot be easily converted into cash instead are utilized to generate economic benefits for longer period of time
Examples -
Land
Building
Plant & Equipment
Furniture
Machinery
Tangible Assets
A tangible asset is an asset that has a physical form. It could be either fixed or current
Examples-
Land
Building
Furniture
Plant & Equipment
Inventory
Cash
Intangible Assets
An intangible asset is an asset that is not physical in nature. Examples-
Goodwill
Patent
Copyright
Franchisee Agreement
Trademark
Operating Assets
These are the assets required for day to day business transactions. These assets are used in core production process. These assets are like cash, bank balance, inventory
Non-operating Assets
These are the assets owned by business but not used in daily operational activity instead are hold for selling or using them in future. These non-operating assets can provide diversification and act as a financial support
Thank You For Watching
Subscribe to DevTech Finance
This presentation is based on the subject Financial Accounting which helps the beginners to know the basic concept of accounting . This is according to the syllabus of Pt. Ravishankar University , Raipur and Durg University, Durg.
Ledger in financial accounting (11th commerce)Yamini Kahaliya
This presentation is on ledger which is the topic of financial accounting. it contents details about following points. There are:-
1. Meaning of ledger
2. Need & Importance of ledger
3. Advantage of Ledger
4. Difference b/w Journal & ledger
5. Format of ledger
6. Rules of posting
7. Illustrations
8. Exercise
The Cash Flow Statement translates earnings in the Income Statement into cash inflows. Explained in detail above as a part of the topic “Financial accounting”, is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Control accounts the account which represents a particular sub ledger, sales ledger and purchases ledger control accounts.
At the end of an accounting period the accounts are balanced off and a trial balance prepared to check the accuracy of the book keeping entries. If a trial balance fails to balance this usually indicates that an error or errors may have been made and needs to be identified. As the business expands the accounting requirements increase which may lead to more errors occurring which are very difficult to find.
An asset is a property or resource having monetary value, which is capable of producing some future economic benefit, owned by an individual or entity
Simply stated, assets represents the value of ownership/possession that can be converted into cash
In financial accounting concept, assets are resources that can generate cashflow
The balance sheet of a firm records all the current as well as non-current assets owned by the firm
Current Assets
Current assets are short-term economic resources that are expected to be converted into cash within one year
Examples_
Stock
Inventories
Prepaid Expenses
Marketable Securities
Short-term Investments
Fixed Assets
These assets are long-term resources that cannot be easily converted into cash instead are utilized to generate economic benefits for longer period of time
Examples -
Land
Building
Plant & Equipment
Furniture
Machinery
Tangible Assets
A tangible asset is an asset that has a physical form. It could be either fixed or current
Examples-
Land
Building
Furniture
Plant & Equipment
Inventory
Cash
Intangible Assets
An intangible asset is an asset that is not physical in nature. Examples-
Goodwill
Patent
Copyright
Franchisee Agreement
Trademark
Operating Assets
These are the assets required for day to day business transactions. These assets are used in core production process. These assets are like cash, bank balance, inventory
Non-operating Assets
These are the assets owned by business but not used in daily operational activity instead are hold for selling or using them in future. These non-operating assets can provide diversification and act as a financial support
Thank You For Watching
Subscribe to DevTech Finance
There are several ways in which depreciation can be calculated but the most common is called the straight-line method. In this presentation we discuss the methodology in some detail.
Depreciation at delta & singapore airline (HBR)Abhishek kyal
solution on Depreciation at delta and Singapore airlines by HBR. This is a very famous case study about depreciation , changes in method and impact on Profit.
To understand the basic concepts of marginal cost and marginal costing.
To understand the difference between the Absorption costing and Marginal Costing.
To learn the practical applications of Marginal costing.
To understand Breakeven charts & Limitation
AssignmentComplete the following problems You must show your.docxssuser562afc1
Assignment:
Complete the following problems: You must show your work and complete both problems to get any credit!
1) (Chapter 10) Identify which of the following costs are fixed and which are variable:
a) Electricity for machinery in a plant
b) Sales commission
c) Property taxes on a factory building
d) Property taxes on an administrative building
e) Factory fire insurance
f) Regular maintenance on machinery and equipment
g) Wages paid to temporary or seasonal workers
h) Salaries paid to design engineers
i) Heat and air conditioning in a plant
j) Basic raw materials used in production
2) (Chapter 11) A machine costing $80,000 to buy and $6,000 per year to operate will save mainly labor expenses in packaging over five years. The anticipated salvage value of the machine at the end of five years is $4,000.
a) If a 12% return of investment (rate of return) is desired, what is the minimum required annual savings in labor from this machine?
b) If the service life is four years instead of five, what is the minimum required annual savings in labor for the firm to realize a 12% return on investment?
c) If the annual operating cost increases 10%, say from $6,000 to $6,600, what will happen to the answer in (a)?
Formatting:
Text Size: All of the text in this assignment needs to be set in 10 or 12-point size. Please resist the temptation to mix and match point sizes. If you doubt your applications intentions, just select all of your text and insure that it is in 10 or 12-point size.
Margins: The right and left side can be set for ½” (0.5) margins. Set the top and bottom margins to one (1”). The only text that ends up on the outside of the one-inch margin is the page number.
Name Block: Place the name block in the upper left corner of the page. In MS Excel, use the left side cells. In this class the name block only needs to be on the first page. Put your name first, then the class title and then the date. Example:
Park 9
Accounting for Depreciation
Depreciation
Depreciation is the loss of value of fixed assets over time.
Depreciation accounting is to account for the cost of fixed assets in a pattern that matches their decline in value over time.
The process of depreciating an asset requires that we know some things:
What is the cost of the asset?
What is the depreciable life of the asset?
What is the asset’s value at the end of its useful life?
What method of depreciation do we choose?
Depreciable Property
A depreciable asset is property for which a firm may take depreciation deductions against income.
U.S tax law requires the depreciable property must:
Be used in business or held for the production of income
Have a definite service life, which must be longer than 1 year
Be something that wears out, decays, gets used up, becomes obsolete, or loses value from natural causes
Depreciable Property
Depreciable property includes buildings, machinery, equipment, vehicles, a ...
This presentation was given for Eduwebinar. The topic was Backchannels in the classroom. The session looked at the nature of backchannels, how and why to use them, the benefits/challenges and some tools that can be used.
Classroom stories are shared
Online resources and apps to enhance engagement in accounting1murcha
This was my presentation at the 2018 Comview Conference in Victoria Australia. It shares some of the online resources, tools and apps that can be used to engage students in accounting. Some of the resources are directly targeted at the new Study Design for VCE Accounting which will be implemented in 2019.
What is collaborative learning? What does it look? This presentation looks at these questions, demonstrating classroom stories to show what it might look like. A list of suggested tools to use in collaborative learning are shared.
The presentation was given as part of the monthly Eduwebinar series.
A presentation given to EduTech Sydney Australia on the amazing global classroom that can now be ours if we are connected. Let's learn about the world, with and from the world.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
1. Tell me the story!
A forklift purchase for a warehouse!
At time of purchase …..5 years later
2. Is there an impact on the
Financial Statements?
Profit and Loss
Balance Sheet
Statement
Cash Flow
Statement
If so how, which, what, where, why?
3. Depreciation
• A non-current asset undergoes wear and tear, so
that its expected selling price declines over time.
• Depreciation is the allocation of the cost of a non
current asset over its effective working life
• The difference between a non-current asset’s
original purchase price and its final selling price is
allocated as an expense each year called
depreciation
4. Cost of non-current asset
• The original cost (historical cost)
• Any other costs required to get the asset into
a condition to be able to earn revenue
$$$$
5. Farmer Fred!
Fred owns a sheep and cattle farm. A variety of
machinery helps him to successfully run this
farm.
6. Purchase of a Tractor
• Farmer Fred wants to add a front end loader
to his new tractor purchase on 1 July 2012.
Cost $70000
$10000 for the
front end loader
Cost of
installation
$1000
Historical cost = $70000+$10000+$1000=$81000
7. The value of the tractor
Purchase Price = $81000
Estimated scrap value = $21000
Fred expects to keep it for 5 years (Useful Life)
8. Calculating Depreciation
Two methods studied
Straight Line Diminishing Balance
Unit 3 Unit 4
Same amount Amount of
expensed each depreciation
reporting reduces each
period reporting period
9. How do you know
which depreciation
method to choose?
10. Reducing Balance Method
• Reducing balance method is used when….
a non-current asset is more efficient in its earlier
years of its life. The asset does not breakdown
as much, and repairs are kept to a minimum. As
it gets older it is likely to be out of operation for
periods of time while it is being repaired.
Income needs to be matched with expenses
over that time.
11. Straight Line Depreciation
The formula:-
Including costs incurred to
get non current asset ready
to earn revenue
Cost – Scrap
Useful Life
12. Reducing Balance Depreciation
Calculating the amount of depreciation
Including costs incurred to
get non current asset ready
to earn revenue
Cost – Scrap
X 1.5
Useful Life
14. Where does depreciation appear?
General journal
The General Ledger
Depreciation Tractor Accumulated Depreciation
(expense) Tractor
Balance Sheet
Profit and Loss
Non current Assets
Tractor
Less accumulated depreciation
15. How does it look?
Tell me the story of what you can see in
the figures above?
16. • Where will each of the above
calculations appear in the financial
statements? Why do they appear
there?
• How would it be different if straight
line depreciation was used?
17. Which depreciation method would you
use for each of the following?
1. Draw up a table with 3 columns/9rows
2. List the non-current asset
3. Choose the method
4. Explain and justify your choice
27. Reducing Balance
Depreciation in a
Word Cloud
• Goto http://www.wordle.net and create your
own word cloud – “reducing balance
depreciation in a wordle”
28. or…
Find all the term(s) in the above word cloud and
explain their relevance to depreciation.
29. • Reflections
• What did you find easy?
• What did you find most challenging?
• What do you need to do?
30. Make it 24/7
• Upload to
• Podcast this and add to
• Get students to add comments to a teacher blog
post