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 ...

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 ...

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 issued guidance today that will require separate disclosures for certain types of capital assets for the purposes of note disclosures. GASB Statement No.

GASB issued a proposal Thursday that would establish requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. The changes are intended to help ...

Accepted accounting guidelines state that, whenever possible, expenses should be reported during the same accounting period in which revenue was earned. Depreciation allows a company to deduct costs, ...

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 ...

Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.

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 It is provided for historical reference. The content may be out of date and links may no longer function.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 ...

Phil has been in corporate finance for 37 years. CEO of Global Financial Svc, Global Financial Training Program, Global Church Financing. If you're trying to obtain a loan for your business, you ...