An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

At any given time, a business engaged in manufacturing may have a significant amount of money tied up in raw materials and not-yet-completed products. Those materials and unfinished goods are assets ...

The Governmental Accounting Standards Board floated a proposal Thursday to set requirements for some types of capital assets to be disclosed separately by state and local governments for purposes of ...

The accounting system for your business consists of several types of records. Although there are many types of underlying financial records, such as invoices, journals, and receipts, the major ...

A nonauthoritative guide aids accountants with discussions about digital assets, general ledger account management, establishing internal controls, and complying with anticipated regulatory changes ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. There are a number of types of accounting, serving a wide ...

Please note: This item is from our archives and was published in 2021. It is provided for historical reference. The content may be out of date and links may no longer function. Accounting for and ...