Skip to contentSkip to search

Non-current assets

A non-current asset is an asset not classified as current, typically used or held beyond the operating cycle. Property used in operations, long-term investments and eligible intangible assets may be non-current. Current classification considers the normal operating cycle, trading purpose, expected realisation within twelve months and the applicable cash criteria. The remaining assets are non-current. A non-current classification does not imply the asset will never be sold or replaced.

Worked example

A machine used in production over several years is non-current.

Common mistake

Classification depends on current-asset criteria, not simply whether the asset has already been held for a year.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA F1 Direct July 2027–August 2028
ACCA F2 Supporting July 2027–August 2028
ACCA FA Direct September 2026–June 2027
ACCA K1 Direct July 2027–August 2028
FIA FFA Direct September 2026–June 2027

Related terms