AAT Comment: Study tips: the non-current assets cycle – acquisition, depreciation and disposal.Part1

AAT_TeamAAT_Team Posts: 530Administrator
edited May 2018 in Advanced Bookkeeping
Every business needs items that are fundamental to enabling its existence, be that a laptop for a self-employed consultant like myself or a factory full of machinery for a large manufacturing organisation.

These items are non-current assets and their accounting treatment is a significant topic which all accounting students need to understand. This is because the cycle of buying, owning and disposing of non-current assets incorporates a variety of accounting concepts and advanced bookkeeping skills.

We are going to look at this cycle over the course of three articles to try and better understand the theory, processes and double entry bookkeeping involved.

Full article.


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