About this Module
What you will learn
This micro-credential explores the principles of managing non-current assets, and highlights the role of depreciation in reflecting their economic value. Participants will learn to accurately record and report these assets, apply depreciation methods like straight-line and reducing balance, and handle year-end adjustments to prepare financial statements. Proper accounting ensures adherence to international standards and provides stakeholders with a clear view of a company’s financial health, while mismanagement can lead to misleading reports, poor decisions, and legal issues. The skills gained are applicable across industries like manufacturing, healthcare, and technology, enabling participants to enhance financial accuracy, ensure compliance, and support strategic decision-making. Ideal for accounting professionals, business managers, or owners, this program equips learners to manage non-current assets effectively, driving transparency, accountability, and long-term business success.
What skills you will gain
Learner should be able to differentiate between capital and revenue expenditure, understand the depreciation term, identify the causes of depreciation, describe the factors to be considered to calculate depreciation, calculate the depreciation using the straight-line and reducing balance method in order to record in the financial statements.
Total contents and assessments
5 original teaching videos, 1 activity, 4 formative assessments and 1 summative assessment.
Module Details
CLUSTER : Business & Management ( SP ) MODE/DURATION : Flexible LENGTH : 7 days EFFORT : 3 LEVEL : Beginner LANGUAGE : English CERTIFICATE : Yes CPD POINT : 0 PRICE : Free Associated Course (s) : No Course