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Capital Work-in-Progress (CWIP)

Costs incurred on an asset under construction or development that has not yet been brought into use, carried separately from completed fixed assets.

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Related terms

  • Board's Report

    The report the directors present to shareholders alongside the financial statements each year, covering operational performance, CSR, related-party transactions and other matters required under Section 134.

  • Books of Account

    The complete set of financial records a company is legally required to maintain under Section 128 of the Companies Act, forming the basis from which the financial statements are prepared.

  • Capitalisation Threshold

    A minimum cost a company sets, below which an item is expensed rather than capitalised as a fixed asset, even if it otherwise meets the definition.

  • CARO (Companies Auditor's Report Order)

    An order under the Companies Act requiring statutory auditors of specified companies to report on additional matters beyond the standard audit opinion — fixed assets, inventory, loans, statutory dues and more.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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