Assets are an important part of any business or organization. Assets are resources that add value to the business, fund daily operations and are used to pay expenses that have been incurred by the organization. Assets are listed on the balance sheet of an organization’s financial statements, which can be used for decision making by owners, management, investors and creditors of an organization. There are two different classifications of assets recognized on the balance sheet: current and noncurrent

1.What is Assets and Current Assets Definition Asset: In accounting terms, any tangible (physical resources) or intangible (nonphysical resources) that can be possessed or controlled to create positive monetary value is known as Asset. In other words, anything that can be transformed into cash value is termed as asset. This includes: • Real Estate Assets: Building, land and any other physical immovable structure. • Personal Assets: Substance that you claim which is not a genuine property, for

A STUDY ON ASSET MANAGEMENT Impact College Of Engineering And Applied Sciences Page 43 3. THEORETICAL BACK GROUND MEANING. In corporate money, asset management is the procedure of guaranteeing that an organization's substantial and immaterial resources are kept up, represented, and put to their most astounding and best utilize. Asset management is the procedure of controlling the securing, utilization and transfer of advantages for take advantage of their administration conveyance potential and deal

Nonperforming assets usually refers to non-performing assets and the lenders consider it as those assets that are not fetching benefits to them. It is regular but disguised loan asset. An asset becomes non-performing when it freeze to generate income for the bank. A non-performing asset was defined as a credit facility in respect of which the interest or instalment of principal has remained past due for a specified period of time which was four quarters. The banks, have different kind of assets, such as

Assets play an important role in the daily operations of an organization. Assets are considered resources that add value to the business, fund daily operations and are used to cover expenses that have been incurred by the business or organization (Asset, n.d.). Assets are listed on the balance sheet of an organization’s financial statements, which can be used as a decision making tool by owners, management, investors and creditors. There are two classifications of assets recognized on the balance

SFAC 6 Elements of Financial Statements separates asset by tangible and intangible assets. While tangibles are physical substance such as property, plant, and equipment, etc., intangibles asset are non - physical substance. Intangible Assets is defined by The IASC, in IAS 38 as a ``non-monetary asset without physical substance held for use in the production or supply of goods or services, for rental to others, or for administrative purposes. An asset is a resource: (a) controlled by an enterprise as

One area in particular is with accounting for intangible assets. In the business sector, assets are important economic resources and are classified as either tangible or intangible. Tangible assets are easily seen as physical objects that include items such as buildings, machinery, vehicles, and fixtures. Because of their nature, tangible assets are straightforwardly accounted for on financial statements. However, intangible assets cannot be seen and when it comes to accounting for them, a

2.1 Asset Management According to () asset management refers to the methodical incorporation of radical and sustainable management procedures into a body of management practices with a primary focus on the long-term life and sustained performance of an asset. It aims on reducing all total costs in acquiring, operating, maintaining, disposing and renewing assets as well as the risks that are associated with that whole process (). 2.2 State Assets According to () state assets refer to any asset that

Depreciation is the decline in the future economic benefits of a depreciable non-current asset through wear and tear and obsolescence. It is an allocation process. It can be calculated by two main methods, each reflecting in a distinct prospect in the way the asset is used. Depreciation is to be treated as an estimated expense that does not set aside cash for the replacement of a non-current asset. In determining the cost of acquisition of the lathes, any capital expenditure made must be added to

Asset Valuation Accounting for Managerial Decision-Making Introduction To start a new business and remain in business profitably, many critical decisions must be made when the foundation of a new business is formed. These decisions affect the company in the long run and often make or break an organization. Methods of inventory control and capitalization policies are among these critical decisions that will affect any business bottom line. Our team has investigated these policies and will present