Non-current assets
You'll learn how to audit non-current assets effectively, from understanding their accounting treatment through to identifying and testing specific audit risks.
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In this lesson
- 0:00 Auditing non-current assets overview
- 0:22 What are non-current assets
- 1:11 Tangible versus intangible assets
- 1:32 Recognition and measurement of PPE
- 2:23 Cost model versus revaluation model
- 2:59 Depreciation and amortisation explained
- 4:10 Useful life and revaluation considerations
- 4:41 Intangible asset recognition criteria
- 5:13 Research and development capitalisation rules
About this lesson
This video covers the recognition and measurement of tangible and intangible assets, depreciation methods, and the particular criteria for capitalising development costs. You'll explore practical audit procedures that help you verify the completeness, valuation, and proper disclosure of non-current assets in the financial statements. This is essential knowledge for AA (Audit and Assurance) and helps you approach non-current asset audits with confidence and technical precision.
Duration: 6m
Transcript
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