Managing Resources U3T1

Classify the following Non- Current Assets: Land

• Property, plant

  and equipment

• Intangible assets

• Other financial assets

  (investments)

• Other

Classify the following Non- Current Assets: Goodwill

• Other financial assets

  (investments)

• Property, plant

  and equipment

• Intangible assets

• Other

Classify the following Non- Current Assets: Equipment

• Other

• Property, Plant and Equipment

• Intangible assets

• Other financial assets

  (investments)

Classify the following Non- Current Assets: Machinery

• Property, plant

  and equipment

• Intangible assets

• Other financial assets

  (investments)

• Other

Classify the following Non- Current Assets: Shares in companies

• Property, plant

  and equipment

• Intangible assets

• Other financial assets

  (investments)

• Other

Where will you find Non Current Assets in the Financial Statements?

• Statement of Profit and Loss

• Statement of Financial Position

• Both statements

• None of the following

True or False: The distinction between a capital expenditure and other expenditure is based on time and the nature of the expenditure.

• False

• True

Expenditure resulting in the acquisition and installation of an asset whose life will extend over more than one accounting period is referred to as:

• Capital Expenditure

• Revenue/ Other Expenditure

Capital expenditure is classified as:

• An asset

• Other Expenditure

• A liability

• Owner's Equity

Expenditure for property or services that will be consumed during the current accounting period is referred to as:

• Revenue/ Other Expenditure

• Asset

• Liability

• Owner's equity