Assets: Difference between revisions
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imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Expand 2nd definition.) |
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2. | 2. | ||
More generally, possessions or resources (whether or not owned by a financial reporting entity). | More generally, possessions or resources (whether or not they are owned by a financial reporting entity). | ||
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* [[Disaggregation]] | * [[Disaggregation]] | ||
* [[Enhancement expenditure]] | * [[Enhancement expenditure]] | ||
* [[Equity]] | |||
* [[Fair value]] | * [[Fair value]] | ||
* [[Financial asset]] | * [[Financial asset]] | ||
* [[Financial liability]] | |||
* [[Financial risk]] | |||
* [[Fungible]] | * [[Fungible]] | ||
* [[Hire purchase]] | * [[Hire purchase]] | ||
* [[Intangible assets]] | * [[Intangible assets]] | ||
* [[Interest]] | |||
* [[Interest gap]] | * [[Interest gap]] | ||
* [[Lease]] | * [[Lease]] | ||
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* [[Net assets]] | * [[Net assets]] | ||
* [[Offset]] | * [[Offset]] | ||
* [[Reporting entity]] | |||
* [[Return]] | |||
* [[Sale and leaseback]] | * [[Sale and leaseback]] | ||
* [[Short life asset]] | * [[Short life asset]] | ||
Revision as of 12:32, 4 August 2019
1.Financial accounting.
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, 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
- Lease
- Liabilities
- Liabilities and equity
- Long life assets
- Mismatch
- Net assets
- Offset
- Reporting entity
- Return
- Sale and leaseback
- Short life asset
- Tangible asset
