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IFRS (International Financial Reporting Standards), the most widely used financial reporting system, defines: "An asset is a present economic resource controlled by the entity as a result of past events. [5]
In finance, an asset class is a group of marketable financial assets that have similar financial characteristics and behave similarly in the marketplace. We can often break these instruments into those having to do with real assets and those having to do with financial assets.
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets).
According to the International Financial Reporting Standards (IFRS), a financial asset can be: . Cash or cash equivalent, Equity instruments of another entity,; Contractual right to receive cash or another financial asset from another entity or to exchange financial assets or financial liabilities with another entity under conditions that are potentially favorable to the entity,
Cash and cash equivalents are recorded as current assets. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet.Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". [1]
ASET (professional body), an educational charity for placement and employability professionals in the United Kingdom; ASET (All Size Equipment Transport), a South Australian-based company focused on the specialist transportation of over-dimensional equipment and machinery. Iset, an Ancient Egyptian name.
Needs-based community development emphasizes local deficits and looks to outside agencies for resources. In contrast, asset-based community development focuses on honing and leveraging existing strengths within the community.
Intangible assets are typically expensed according to their respective life expectancy. [2] [9] Intangible assets have either an identifiable or an indefinite useful life.. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, [12] whichever is shor