[ W ]
Wasting assets
o assets of a fixed nature but as they are being used by the business are physically diminishing in size eg a mine
Working capital
o the total of current assets less the current liabilities
Work in progress
o semi-finished goods
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FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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