Assets: Difference between revisions

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* [[Asset-liability management]]
* [[Asset-liability management]]
* [[Assets Under Management]]
* [[Assets Under Management]]
* [[Balance]]
* [[Balance sheet]]
* [[Balance sheet]]
* [[Capital]]
* [[Capital]]

Revision as of 16:06, 18 July 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