An asset is a resource that is formed from past transactions or events of an enterprise, owned or controlled by the enterprise, and expected to bring economic benefits to the enterprise. Resources that do not bring economic benefits cannot be treated as assets and are the rights of the enterprise. Assets can be classified according to their liquidity as current assets, long-term investments, fixed assets, intangible assets and other assets.
Assets are resources formed by past transactions or events, owned or controlled by the enterprise, which are expected to bring economic benefits to the enterprise. Any business unit, enterprise or individual owns a variety of things with commercial or exchange value. Assets according to its liquidity (asset turnover, liquidity) can be divided into current assets, and non-current assets.
An asset is a resource owned or controlled by an enterprise that is expected to bring economic benefits to the enterprise as a result of a past transaction or event.
Assets are economic resources owned or controlled by an enterprise, a natural person, or the state that can be measured in terms of money, including all kinds of income, debt and other.
Assets are one of the most basic elements of accounting, with liabilities, owner's equity **** the same composition of the accounting equation, become the basis of financial accounting.
In the accounting constant equation: assets = liabilities + owner's equity.
1, before closing: assets = liabilities + owner's equity + income - expenses
assets = liabilities + owner's equity + profit
2, after closing: assets = liabilities + owner's equity
. Strong>Expanded Information:
I. Characteristics of Assets:
1. Assets are expected to bring economic benefits to the enterprise
It means that the assets directly or indirectly lead to the the potential for funds or cash equivalents to flow into the business. This potential can come from the day-to-day production and operation activities of the enterprise, or from non-day-to-day activities; the economic benefit brought about can be in the form of cash or cash equivalents, or can be converted into cash or cash equivalents, or in the form of a reduction in the outflow of cash or cash equivalents.
If an item is not expected to bring economic benefits to the enterprise, it cannot be recognized as an asset of the enterprise, and an item that has already been recognized as an asset in a previous period cannot be recognized as an asset of the enterprise if it can no longer bring economic benefits to the enterprise.
2. Asset should be a resource owned or controlled by the enterprise
An asset, as a resource, should be owned or controlled by the enterprise, which means that the enterprise enjoys the ownership of a certain resource, or although it does not enjoy the ownership of a certain resource, the resource can be controlled by the enterprise.
Ownership is usually the primary factor to be considered in determining whether an asset is present, but in some cases, although certain assets are not owned by the enterprise, i.e., the enterprise does not enjoy ownership of them, the fact that the enterprise controls them is equally indicative of the enterprise's ability to derive economic benefits from those assets.
3. Assets are formed by the enterprise's past transactions or events
Only past transactions or events can create assets; transactions or events that the enterprise expects to occur in the future do not create assets. Assets should be formed by the enterprise's past transactions or events, past transactions or events, including purchases, production, construction or other transactions, only the past transactions or events can produce assets, the enterprise expects to occur in the future transactions or events do not form assets.
Two of the two essentials of the asset
(1) the economic attributes of the asset that can provide future economic benefits for the enterprise, which is the essence of the asset. In other words, whether tangible or intangible, to become an asset, must have the ability to generate economic benefits, which is the first meaning of assets.
(2) The legal attributes of an asset that it must be controlled by the enterprise, that is to say, the economic benefits generated by the asset can reliably flow into the enterprise and provide service capacity for the enterprise, regardless of whether the enterprise has ownership of it, which is the second essence of an asset.
Baidu Encyclopedia-Asset
Baidu Encyclopedia-Business Asset