Economic resource

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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