An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Publicly traded corporations are required to publish quarterly balance sheets that allow shareholders to compare a company’s assets with its liabilities. It’s also a good practice for private ...

Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective ...

Understand what the current ratio measures, why it matters, and how to use it to assess and improve short-term liquidity.

Business leaders love to talk about revenues, net profits and assets. After all, those are all positive numbers on a balance sheet that can make a company look great. They are also how a company ...

Patenting an invention is something to be proud of. From your accountant's perspective, a patent isn't merely an achievement; it's either an asset or an expense. Like copyright and other intangible ...

Current ratio measures short-term asset coverage of liabilities, guiding investment decisions. Compare a company's current ratio across years and versus peers to assess financial health. Seasonal ...

From time to time, all successful companies are faced with an IT upgrade project or additional hardware or software needs when hiring new staff. Knowing that these activities are inevitable in the ...