Define Assets?
I was wondering what is mean by Assets.
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8 replies
dylanx
over 13 years ago
A firm's assets that do not include cash, securities, receivables, inventory and prepaid assets, and can be convertible into cash within one business cycle, which is usually one year. Other current assets are listed on a firm's balance sheet, and are a component of a firm's total assets. Restricted cash or investments may be included in this figure.
tiuw
over 13 years ago
"There is a category of assets, in financial statements, that are called ""current"" because they can be considered when calculating a firm's ability to pay short-term liabilities. Inside these current assets there are certain subcategories you will usually find like ""cash."" Other current assets (OCA) are not common enough to have their own category. Instead, they are lumped into this generic ""other"" category. "
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