Assets: Difference between revisions
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* [[Accruals accounting]] | * [[Accruals accounting]] | ||
* [[Alienation of assets]] | * [[Alienation of assets]] | ||
* [[Assets Under Management]] | |||
* [[Balance sheet]] | * [[Balance sheet]] | ||
* [[Capital]] | * [[Capital]] | ||
* [[Cash]] | * [[Cash]] | ||
* [[Chargeable asset]] | * [[Chargeable asset]] | ||
* [[Contingent assets]] | |||
* [[Current assets]] | * [[Current assets]] | ||
* [[Debit balance]] | * [[Debit balance]] | ||
| Line 43: | Line 45: | ||
* [[Financial liability]] | * [[Financial liability]] | ||
* [[Financial risk]] | * [[Financial risk]] | ||
* [[Fixed assets]] | |||
* [[Fungible]] | * [[Fungible]] | ||
* [[High Quality Liquid Assets]] (HQLA) | |||
* [[Hire purchase]] | * [[Hire purchase]] | ||
* [[Intangible assets]] | * [[Intangible assets]] | ||
| Line 57: | Line 61: | ||
* [[Net assets]] | * [[Net assets]] | ||
* [[Net worth]] | * [[Net worth]] | ||
* [[Non-current assets]] | |||
* [[Offset]] | * [[Offset]] | ||
* [[Pension assets]] | |||
* [[Prepayments]] | * [[Prepayments]] | ||
* [[Reporting entity]] | * [[Reporting entity]] | ||
* [[Return]] | * [[Return]] | ||
* [[Return on assets]] | |||
* [[Risk Weighted Assets]] (RWAs) | |||
* [[Sale and leaseback]] | * [[Sale and leaseback]] | ||
* [[Short life asset]] | * [[Short life asset]] | ||
Revision as of 14:28, 28 April 2022
1. Financial reporting - balance sheet.
In financial reporting, assets are defined as 'present economic resources controlled by a reporting entity as a result of past events'.
An economic resource is a right that has the potential to produce economic benefits.
Examples include cash, trade receivables, inventory, tangible fixed assets and some intangible assets.
Assets are represented in the balance sheet by debit balances.
Some types of assets are not reported in traditional accounting balance sheets.
For example, certain types of intangible asset.
2. Assets & liabilities.
More generally, assets are any possessions or resources (whether or not they are owned or reported by a financial reporting entity).
See also
- Accruals accounting
- Alienation of assets
- Assets Under Management
- Balance sheet
- Capital
- Cash
- Chargeable asset
- Contingent assets
- Current assets
- Debit balance
- Depreciating asset
- Depreciation
- Digital asset
- Direct investment
- Disaggregation
- Economic resource
- Enhancement expenditure
- Equity
- Fair value
- Financial asset
- Financial liability
- Financial risk
- Fixed assets
- Fungible
- High Quality Liquid Assets (HQLA)
- Hire purchase
- Intangible assets
- Interest
- Interest gap
- Inventory
- Lease
- Liabilities
- Liabilities and equity
- Liquid
- Long life assets
- Mismatch
- Net assets
- Net worth
- Non-current assets
- Offset
- Pension assets
- Prepayments
- Reporting entity
- Return
- Return on assets
- Risk Weighted Assets (RWAs)
- Sale and leaseback
- Short life asset
- Tangible asset
- Trade receivables
