Great! Have you ever seen anything like this in your life? Right!
Never! Neither had I. I had never seen a resource, which would
accumulate all the info on finance management, and, to that, in
understandable language, and that's why my friends and I
decided
to create one.
What we are going to discuss here? What kind of info to provide? Well,
first of all, the info, the majority of people are looking for. General
and more detailed info about home loans for yung families, about
college loans for the yung people who want to get their education and
to be independent in their lives. We'll also talk about property
management, online trading and a shipload of other very important
things. But in this particular chapter we are going to focus on asset management.
Before we explain various little tricks and useful things about it,
let's define, what are assets. This will help us understand what asset
management stands for.
Assets are economic resources owned by a business or a company.
Anything tangible or intangible that one possesses, usually considered
as applicable to the payment of one's debts is considered an
asset. The balance sheet of a firm records the monetary value
of
the assets owned by the firm. It is money and other valuables belonging
to an individual or a business. Two major asset classes are tangible
assets and intangible assets. Tangible assets contain various
subclasses, including current assets and fixed assets. Current assets
include inventory, while fixed assets include such items as buildings
and equipment. 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, and financial assets, including such
items as accounts receivable, bonds and stocks.
|