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What are Assets?

By | 2018-08-23T17:37:14-06:00 December 26th, 2018|Categories: Finance|Tags: , , , , |

Within a balance sheet, there is a category that lists the value of assets in the organization.  An asset is a resource of a company that it exclusively owns.  It is a resource that is “scarce.” Also, it is able to produce economic benefit by generating cash inflows or decreasing cash outflows.  Simply stated, selling it [...]

What You Need to Know About Assets

By | 2018-08-23T17:49:20-06:00 October 29th, 2018|Categories: Business Strategies, Finance|Tags: , , , , |

There are a few key points that you need to know about assets as they affect financial reports.  Here they are: Assets help show how much your company is worth. Investors, bankers and other creditors take interest in the amount of assets on a balance sheet.  The main reason is because they want to determine what [...]