Assets: Difference between revisions
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imported>Doug Williamson (Update heading.) |
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* [[Interest]] | * [[Interest]] | ||
* [[Interest gap]] | * [[Interest gap]] | ||
* [[Inventory]] | |||
* [[Lease]] | * [[Lease]] | ||
* [[Liabilities]] | * [[Liabilities]] | ||
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* [[Short life asset]] | * [[Short life asset]] | ||
* [[Tangible asset]] | * [[Tangible asset]] | ||
* [[Trade receivables]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 13:57, 4 August 2019
1. Financial reporting.
In financial reporting, assets are possessions or resources owned or controlled by a reporting entity as a result of past events, and from which future economic benefits are expected to flow to the reporting entity.
Examples include cash, trade receivables, inventory and tangible fixed assets.
Assets are represented in the balance sheet by debit balances.
2.
More generally, assets are any possessions or resources (whether or not they are owned by a financial reporting entity).
See also
- Alienation of assets
- Balance sheet
- Capital
- Chargeable asset
- Current assets
- Debit balance
- Depreciating asset
- Depreciation
- Direct investment
- Disaggregation
- Enhancement expenditure
- Equity
- Fair value
- Financial asset
- Financial liability
- Financial risk
- Fungible
- Hire purchase
- Intangible assets
- Interest
- Interest gap
- Inventory
- Lease
- Liabilities
- Liabilities and equity
- Long life assets
- Mismatch
- Net assets
- Offset
- Reporting entity
- Return
- Sale and leaseback
- Short life asset
- Tangible asset
- Trade receivables
