Posts tagged Assets

Almost all businesses need substantial amounts of assets to make sales and to carry on operations. The total assets of most businesses are a third, …

Balance sheets (also known as statements of financial position) present information about assets, liabilities, and owner’s equity (depending on the type of reporting enterprise, this …

It makes no difference whether the bookkeeping process is done manually by handwritten or a 21st-century bookkeeper working at a computer keyboard. The recordkeeping process …

In 1984, the FASB issued Concept Statement 5, which included discussion of assets. However, it was limited in scope, as one would expect in a …