Difference between revisions of "Asset"
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An asset is a useful or valuable thing, person, or quality. In [[business]] terms, it is a thing of value owned by a company that can be applied toward improving its competitive position or settling debts, or offsetting liabilities. | An asset is a useful or valuable thing, person, or quality. In [[business]] terms, it is a thing of value owned by a company that can be applied toward improving its competitive position or settling debts, or offsetting liabilities. | ||
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| + | Investopedia defines assets in investment terms as a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.<ref>[https://www.investopedia.com/terms/a/asset.asp What is an Asset?]-Investopedia</ref> | ||
| + | *Assets are reported on a company's balance sheet. | ||
| + | *They are bought or created to increase a firm's value or benefit the firm's operations. | ||
| + | *An asset is something that may generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent. | ||
| + | *Assets can be classified as current, fixed, financial, or intangible. | ||
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*[[Enterprise Architecture]] | *[[Enterprise Architecture]] | ||
*[[IT Sourcing (Information Technology Sourcing)]] | *[[IT Sourcing (Information Technology Sourcing)]] | ||
| + | *[[IT Investment (Information Technology Investment)]] | ||
Revision as of 20:45, 4 November 2022
An asset is a useful or valuable thing, person, or quality. In business terms, it is a thing of value owned by a company that can be applied toward improving its competitive position or settling debts, or offsetting liabilities.
Investopedia defines assets in investment terms as a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.[1]
- Assets are reported on a company's balance sheet.
- They are bought or created to increase a firm's value or benefit the firm's operations.
- An asset is something that may generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.
- Assets can be classified as current, fixed, financial, or intangible.
See Also
- Strategy
- IT Strategy (Information Technology Strategy)
- IT Governance
- Enterprise Architecture
- IT Sourcing (Information Technology Sourcing)
- IT Investment (Information Technology Investment)
References
- ↑ What is an Asset?-Investopedia