GuestCurrent Classification
Source: Ind AS 1 (summary)
An asset is current if it is expected to be realised in the normal operating cycle, is held for trading, or is expected to be realised within twelve months after the reporting period. Inventory that takes fifteen months to realise is still current when that period falls within the operating cycle.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.