Discover what physical assets are, their types, and how they're accounted for in business. Learn how they impact financial statements and business operations.

Discover what capital additions are, the types involved, and how they enhance asset value and business capacity. Learn the difference between additions and repairs.

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 ...

While their transactions may not be as large, small businesses use the same system of accounts that large companies use. By understanding the five types of accounts and some common accounts of each ...

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 ...

An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets. So do many people. An asset is ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to improve the accounting for purchased financial assets, requiring that all the assets — with certain limited ...

Ultimately, a company must weigh the good versus the bad when looking at digital or crypto assets. Yes, it’s another financial asset class that allows you to further diversify and possibly recognize ...

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 It is provided for historical reference. The content may be out of date and links may no longer function.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

Depreciation is a word with so many meanings that it is all but meaningless. In asset management, depreciation must be defined carefully each time it is used, and there must be a full understanding of ...

The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback. Processing Content GASB issued a preliminary ...