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Accounting and Finance for Engineers Part Two Unit 4 : Fixed Assets and Depreciation

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Unit overview

In this unit we are going to explore how organisations deal with fixed assets from a financial reporting point of view. 

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Level Technical
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Professor Tony Ward

Tony is Professor of Engineering Management in the Department of Electronics at the University of York where he has worked for 25 years. Prior to that he spent 18 years in Industry as an electronic design engineer, technical manager and programme manager for a number of different companies.  Within York he has held the position of Provost of Alcuin College and Director of the Centre for Excellence in Teaching and Learning in Enterprise.  Externally he has been President of the European Association for Education in Electrical and Information Engineering and managed or participated in over 20 research projects.  He has published 17 journal papers, over 100 conference papers, given over 20 invited lectures or keynotes and written or contributed to 8 books or formally published reports. His research is in area of Engineering Education and Entrepreneurship.  He is the founder and Chairman of Skillsforge Ltd. A competence management and course booking spinout business from the University of York.

Type Unit
What you will learn
• Introduce you to depreciation and its purpose
• Explain two methods of depreciating fixed assets
• Explain how depreciation appears in the financial accounts
• Explain the effect of selling a fixed asset either during or after its planned useful life
Who should learn
A basic understanding of mathematics is useful.
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