A work in progress is any task that a company is developing but hasn't yet finished. Accountants typically consider a WIP to be a current asset because of the time expected to be completed.

Work in progress items will have substantially less liquidity, and the company incurring work in progress costs may find it much more difficult to liquidate the asset as it is being completed.Work ...

Manufacturers' balance sheets should provide a breakdown of inventory assets -- how much of the total value of inventory is made up of raw materials, work in progress and finished goods.

Construction-in-progress accounting tracks the construction costs of a fixed asset by recording it in a general ledger account, the team at AccountingTools writes.

Magaziner’s office said the state, working with fund managers, had sold $5 million worth of Russian assets from the pension fund. But the treasurer’s office could not provide an accounting of ...

Gross fixed assets—including capital work in progress—rose to ₹28.50 trillion from ₹26.49 trillion in FY24, marking an annual growth of 7.6%, says the Bank of Baroda report.