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Level 4 Diploma in Accounting and Business

Capital Expenditure and Depreciation of Non-Current Assets

AB403 · Principles of Financial Accounting — Week 5 of 16

CourseAB403
Week5 of 16
SemesterI
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This week’s topics

Capital Expenditure and Depreciation of Non-Current Assets

  1. Capital versus revenue expenditure
  2. Straight-line depreciation method
  3. Reducing balance depreciation method
  4. Accounting for asset disposals
  5. Depreciation Introduction - ACCA Financial Accounting (FA) lectures
  6. DEPRECIATION BASICS! With Journal Entries
  7. Depreciation Example 1 - ACCA Financial Accounting (FA) lectures

What you will be able to do

  • 2.1 Examine the purpose and importance of end of year adjustments in the preparation of final accounts.
  • 2.5 Calculate the cost of depreciation from different methods of depreciation for given data.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: examine the purpose and importance of end of year adjustments in the preparation of final accounts.

Study materials

Videos

  • Depreciation Introduction - ACCA Financial Accounting (FA) lectures · YouTube · OpenTuition · 23 min · for registered students
  • DEPRECIATION BASICS! With Journal Entries · YouTube · Accounting Stuff · 11 min · for registered students
  • Depreciation Example 1 - ACCA Financial Accounting (FA) lectures · YouTube · OpenTuition · 21 min · for registered students

Further resources

  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 8: Long-lived Assets · PDF · Other, textbook chapter; pp. 307–350 · for registered students
  • Financial Accounting, ch. 10: In a Set of Financial Statements, What Information Is Conveyed about Property and Equipment? · PDF · Saylor Academy, textbook chapter; pp. 359–414 · for registered students
  • Principles of Accounting Vol. 1, ch. 11.2: Capital versus revenue expenditure · PDF · OpenStax, textbook chapter; pp. 642–644 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: Foundations of Financial Accounting and Record-Keeping
  • Week 2: The Double-Entry Bookkeeping System
  • Week 3: Period-End Financial Concepts and Trading Performance
  • Week 4: Accounting Adjustments for Accruals, Prepayments, and Recei…
  • Week 5: Capital Expenditure and Depreciation of Non-Current Assets
  • Week 6: Financial Statements for Sole Traders
  • Week 7: Partnership Accounting and Reporting
  • Midterm: Midterm evaluation
  • Week 9: Financial Statement Analysis and Interpretation
  • Week 10: Professional Ethics and Conduct in Accountancy
  • Week 11: Accounting Regulation and External Audit Fundamentals
  • Week 12: Applying Principles of Financial Accounting in practice: ca…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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