Accounting 101: Accounting for non-financial assets

Originally published at: Accounting 101: Accounting for non-financial assets | TheAccSense

For this round in our series on Accounting 101, the article will explain to you what a non-financial asset is and how a non-financial asset is accounted for in the financial statements. Similar to the discussion on financial assets, this article explains the accounting for non-financial assets from the perspective of the Malaysian Financial Reporting…