Assets

1. Financial accounting. Possessions or resources owned or controlled by the reporting entity as a result of past events and from which future economic benefits are expected to flow to the reporting entity.

2. More generally, possessions or resources (whether or not 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
• Fair value
• Financial asset
• Fungible
• Gap
• Hire purchase
• Intangible assets
• Lease
• Liabilities
• Liabilities and equity
• Long life assets
• Mismatch
• Net assets
• Offset
• Sale and leaseback
• Short life asset