Digital Dollar Project and Economic resource: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Create page. Source: Assets page.) |
||
Line 1: | Line 1: | ||
'' | 1. ''Financial reporting - balance sheet - International Accounting Standards (IAS).'' | ||
For IAS reporting, an economic resource is defined as a right that has the potential to produce economic benefits. | |||
Present economic resources controlled by a reporting entity as a result of past events are assets for financial reporting purposes. | |||
Examples include cash, trade receivables, inventory, tangible fixed assets and some intangible assets. | |||
2. | |||
More generally, anything that has the potential to produce economic benefits. | |||
== | == See also == | ||
* [ | * [[Accruals accounting]] | ||
* [[Assets]] | |||
* [[Balance sheet]] | |||
* [[Capital]] | |||
* [[Equity]] | |||
* [[Financial asset]] | |||
* [[Financial liability]] | |||
* [[Intangible assets]] | |||
* [[Inventory]] | |||
* [[Liabilities]] | |||
* [[Liabilities and equity]] | |||
* [[Net assets]] | |||
* [[Reporting entity]] | |||
* [[Tangible asset]] | |||
* [[Trade receivables]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 11:35, 29 October 2020
1. Financial reporting - balance sheet - International Accounting Standards (IAS).
For IAS reporting, an economic resource is defined as a right that has the potential to produce economic benefits.
Present economic resources controlled by a reporting entity as a result of past events are assets for financial reporting purposes.
Examples include cash, trade receivables, inventory, tangible fixed assets and some intangible assets.
2.
More generally, anything that has the potential to produce economic benefits.