How to Amortize Intangible Assets? – All You Need To Know
What is the Amortization of Intangible Assets?Amortization refers to the systematic allocation of an asset’s cost over its useful life. By amortizing intangible assets,… Read Article
Assets
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 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
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
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
Revaluation of Long-Lived Assets
Revaluation of long-lived assets is an important technique in finance that is used to figure out the true value of the assets owned by… Read Article
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
Balance Sheet – Definition and Meaning
The balance sheet, also known as the statement of financial position, represents a given company and its financial position at a given date (generally… Read Article
Meaning and Different Types of Assets
What are Assets in Accounting?An asset is a resource or property having a monetary/economic value possessed by an individual or entity capable of generating… 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
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