Asset definition and classification; accounting concepts and principles for assets, including cash and bank accounts, accounts receivable, notes receivable, inventory, investment, property plant and equipment, investment property, assets held for sale, natural resources, and intangible assets, emphasizing on assets recognition, measurements, valuation, recording, classification of capital expenditures and revenue expenditures, impairment of assets and presentation and disclosure of assets in financial reports; including the preparation of cash flow statement.