ASSETS IN 54 SECONDS by Finance for Non-Financials

Assets are the things the company owns. They are given on the balance sheet. The assets can be split in: Material assets (= Tangible assets) Things I can touch like building, machinery or inventory Immaterial assets (=Intangible assets) Things that I cannot touch like patents, rights or goodwill Fixed assets can be used multiple times like a building which is used month after month Current assets can be used only once like inventory which you have to purchase or produce anew before you can “use” it again. Financial assets represent ownership in other companies like bonds or stocks. Review www.f4nf.com for more information