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  2. IAS 16 - Wikipedia

    en.wikipedia.org/wiki/IAS_16

    That is, the mark-down in value of the asset should be recognised as an expense in the income statement every accounting period throughout the asset's useful life. [1] The useful life of the asset is determined by taking into account expected usage, physical wear and tear, technical or commercial obsolescence arising from changes in production ...

  3. Fixed asset - Wikipedia

    en.wikipedia.org/wiki/Fixed_asset

    A fixed asset, also known as long-lived assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that may not easily be converted into cash. [1] Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets are ...

  4. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...

  5. Liquid assets vs. fixed assets: What’s the difference? - AOL

    www.aol.com/finance/liquid-assets-vs-fixed...

    A fixed asset, often referred to as a tangible asset or property, plant, and equipment (PP&E), is a long-term asset that holds value over time and can be used to generate income.

  6. Fixed assets management - Wikipedia

    en.wikipedia.org/wiki/Fixed_assets_management

    A popular approach to tracking fixed assets uses serial numbered asset tags, which are labels often with bar codes for easy and accurate reading. The owner of the assets can take inventory with a mobile bar code reader and then produce a report. Off-the-shelf software packages for fixed asset management are marketed to businesses small and ...

  7. Asset - Wikipedia

    en.wikipedia.org/wiki/Asset

    Total assets can also be called the balance sheet total. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. [3] Current assets include cash, inventory, accounts receivable, while fixed assets include land, buildings and ...

  8. Asset classes - Wikipedia

    en.wikipedia.org/wiki/Asset_classes

    Asset classes and asset class categories are often mixed together. In other words, describing large-cap stocks or short-term bonds as asset classes is incorrect. These investment vehicles are asset class categories, and are used for diversification purposes. Multiple asset classes mixed together in a fund structure can provide an investor with ...

  9. Fixed asset register - Wikipedia

    en.wikipedia.org/wiki/Fixed_asset_register

    The main purpose of a fixed asset register is to keep track of the book value of the assets and determine depreciation to be calculated and recorded for management and taxation purposes. A secondary purpose is to allow for the easy identification of an asset by assigning each asset a unique ID which may be printed on labels in the form of a ...