Home  | Assets
 
 
 

Assets Definition

From Wikipedia, the free encyclopedia

In financial accounting, assets are economic resources owned by business or company. Anything tangible or intangible that one possesses, usually considered as applicable to the payment of one's debts is considered an asset. Simplistically stated, assets are things of value that can be readily converted into cash (although cash itself is also considered an asset).

 
The balance sheet of a firm records the monetary[2] value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. [3] Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets.[4] Current assets include inventory, while fixed assets include such items as buildings and equipment.[5] Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs,[5] and financial assets, including such items as accounts receivable, bonds and stocks.

 

More related links about Assets Definition

 
  1. Net Assets Definition - What is Net Assets?

    I thought you might be interested in the following definition from Investor Glossary: http://www.investorglossary.com/net-assets.htm ...
    www.investorglossary.com/net-assets.htm -
  2. quick assets - Definition of quick assets at YourDictionary.com

    Finance cash on hand, current accounts receivable, and all other highly liquid assets excluding merchandise or inventory ...
    www.yourdictionary.com/quick-assets
  3. Critical Infrastructure and Key Assets: Definition and ...

    This report reviews the concept and definition of critical infrastructure as it has appeared in federal reports, legislation and regulation since the early ...
    whitepapers.techrepublic.com.com/abstract.aspx?docid..
  4. Redundant Assets definition

    Redundant Assets definition, Redundant assets are assets that are not used and hence are not necessary in the present ongoing operations of the organisation ...
    www.hjventures.com/valuation/Redundant-Assets.html -
  5. RE: Assets definition

    30 Oct 2004 ... On October 29, 2004 Yokota Hirofumi wrote: > The following is my opinion on assets definition in the ST. > > Please check if it is correct. ...
    cio.nist.gov/esd/emaildir/lists/cc-cmt/msg01341.html
 
 
 
 
 
                              @Copyright 2009-2020 www.about-world.com