Course Content
Introduction to Financial Accounting
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Basic Terms of Financial Accounting
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Rules of Debit & Credit and Analysis of Transaction
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Practice for Financial Statements(Both Trading and Servicing Businesses)
In this, I have uploaded 2 videos in which I have taught how to prepare income statement, balance sheet and closing entries without making adjusted trial balance.Then I have uploaded some practice for you and I will update this list in the future too BECAUSE THE MOST IMPORTANT SECTION OF FFA IS ACCOUNTING CYCLE.
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Accounting for Sales Tax
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Fundamentals of Financial Accounting
About Lesson

Video Link: https://youtu.be/1OPZ6BkpQdI

Acquisition and Depreciation Methods Explained with Complete Example | Working Hours, Units Production, Kilometers, Disposal

In this video, we dive into essential depreciation methods used in accounting and asset management. Whether you’re a student or professional, this tutorial will guide you through:

  1. Working Hours Method: Learn how to calculate depreciation based on total working hours of an asset.
  2. Units of Production Method: Discover how depreciation can be calculated per unit produced.
  3. Kilometers Method: Understand how to apply depreciation based on distance traveled.
  4. Disposal and Sale: See a detailed example of how asset disposal works in accounting, including sale calculations.

We cover the full process from acquisition cost to final depreciation calculation, using a comprehensive example to demonstrate each method.

Key Topics Covered:

  • Depreciation basics and why it’s crucial in accounting
  • Step-by-step depreciation calculation for each method
  • Complete example on acquisition and depreciation

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Exercise Files
Activity Based Methods.pdf
Size: 170.98 KB
Accounting for Tangible Plant Assets-Qno 4 Solution.pdf
Size: 203.41 KB