Asset Articles from HOMEOWNERSHIP.INFO Free Article Directory

Search our Site:

In business and accounting, assets are everything of value that is owned by a person or company. The balance sheet of a firm records the monetary^[1] value of the assets owned by the firm. The two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including financial assets and fixed assets.^[2] Financial assets include such items as accounts receivable, bonds, stocks and cash; while fixed assets include such items as buildings and equipment.^[3] Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs.^[3]

Assets have three essential characteristics

It is not necessary, in the financial accounting sense of the term, for control of assets to the benefit to be legally enforceable for a resource to be an asset, provided the entity can control its use by other means.

It is important to understand that in an accounting sense an asset is not the same as ownership. In accounting, ownership is described by the term "equity," (see the related term shareholders' equity). Assets are equal to "equity" plus "liabilities."

Asset Subcategories Asset Articles Secured Loans: Use Your Asset To Avail Huge Finance by William Black Nov 14, 2008 An asset can be the best option that can be used to derive huge amount of finance via seeking secured loans. These loans can be easily entailed by placing any of the valuable assets of the borrower as collateral against the loan amount. In turn these... Home Equity Loan: Make The Best Use Of Your Assets by Dina Wilson Jul 13, 2008 Home equity loan is the loan against the equity value of your home. If you are owner of a home then make the best use of it. Being a stable property, it may give you many multiple benefits. Home equity loan invites you to put your home as security an... What Are The Benefits Of A Second Home-Ownership? by Devora Witts Apr 09, 2008 Second HomeOwnership can be the first step to a brighter future. Not only will it add up to your assets increasing the amount of secure low interest fo... Fully Protecting Your Assets of Your Home by Lance Mohr Feb 10, 2008 If you recently have made the purchase of a new home in the Tampa real estate market, there are still some other important steps that you need to take in order to fully get your house in order (so to speak). Once you have invested in a residence, yo... Repossession bargains may await in Spain by Jim Barnaby Dec 11, 2007 Repossession is never good news in a housing market, which depends to a large extent on the confidence of consumers that they will be able to make their spanish mortgage payments and hang on to their bricks an... Going green - the new Cape crusade? by Jim Barnaby Nov 27, 2007 Cape Verde has been making big noises in the Cape Verde property investment industry in recent times, attracting investors as its emerging market status, rising tourist numbers, increasing airport capacity... Cyprus stable as Euro day looms by Jim Barnaby Nov 22, 2007 Investors in Cyprus property looking to secure a piece of real estate in Cyprus, whether as a retirement home or as a buy-to-let property to serve the army of tourist... Everything in its season with Spanish property by Jim Barnaby Nov 21, 2007 Given the kind of headlines which have emerged with the slowdown in the Spanish property market, one might sense the palpitations experienced by news that property sales in the country are going down by 45 to ... Cape Verde: the new Carribbean - or even better? by Jim Barnaby Nov 17, 2007 The Cape Verde islands have had plenty of attention recently, not least as the number of airports on the islands grows and so does the availability of flights direct from the UK. Not surprisingly, many have chosen to hail these islands in the su... The Assets and Liabilities of Shopping Online for Window Treatments by David Brooks Nov 16, 2007 I read recently that approximately 5% of American consumers shop online for window blinds and shades. That means that the vast majority of people are either not aware that they can or are nervous about purchasing these kinds of products online. <...