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What are Assets? (Let's Break Them Down)
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ASSETS
- Discover what Assets mean in Accounting.
- This episode is part of a series exploring Accounting Basics.
- In this Accounting tutorial you’ll hear the definition of Assets in Accounting.
- I'l
ASSETS
- Discover what Assets mean in Accounting.
- This episode is part of a series exploring Accounting Basics.
- In this Accounting tutorial you’ll hear the definition of Assets in Accounting.
- I'll also take you through the common types of Asset that are worth knowing about.
TIMESTAMPS
- 00:00 - Intro
- 00:47 - What are Assets in Accounting?
- 01:30 - Assets Defintion
- 01:54 - Uncertainty about the Future
- 02:40 - Future Economic Benefit
- 03:33 - Straight Line Depreciation
- 04:00 - Obtained and Controlled
- 05:08 - Balance Sheet Definition
- 05:40 - Current Assets
- 07:00 - Non-Current Assets
