Fixed Asset Register

Fixed Asset Register

What is Fixed Asset Register?The fixed asset register contains the list of all the fixed assets a business owns. The purpose behind maintaining is… Read Article
Fixed Assets

Fixed Asset

What is Fixed Asset?A fixed asset, in accounting, is defined as a long-term asset having a lifespan > 1 financial year and a value… Read Article
Capitalizing Assets

Capitalizing Assets

What are Capitalizing Assets?Capitalizing assets means you are carrying an asset to the balance sheet. It indicates you purchased an asset, the life of… Read Article
Intangible Assets and Its Types

Intangible Assets and its Types

An intangible asset is a useful resource without any physical presence. Patents, copyrights, trademarks, goodwill, etc., are intangible assets. Such assets produce economic benefits,… Read Article
Impairment of Long Lived Assets

Impairment of Long-Lived Assets

Impairment of long-lived assets is one of the key accounting decisions taken by a company. This decision impacts the company’s profitability, classification of the… Read Article

Current Assets and Their Key Features

Current assets are those assets that are transformed into cash within one year. These assets include cash, marketable securities, account receivables/debtors, all types of… Read Article
Internal Sources of Finance

Internal Sources of Finance

What are Internal Finance / Internal Sources of Finance?The term “internal finance” (or internal sources of finance) itself suggests the very nature of finance/capital.… Read Article