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Asset Management Guide |
What we are going to discuss today is very important nearly for
everybody. For anybody who wants to know things which influence his
life, to be in command of what is going on, to be the master of the
situation, to rule and not to be ruled. We are going to talk about asset management.
About everything that refers to it. Things like asset management
companies and asset management software for those who want to be in
control of the matter. We will also give you a couple of hints as for
how to select the best asset management system. But first let's give a
definition of an asset. What is an asset and what different kinds of
assets we can name?
Assets are economic resources owned by business or company. Anything
tangible or intangible that one possesses, usually considered as
applicable to the payment of one's debts is considered an asset. Assets
are things of value that can be readily converted into cash (although
cash itself is also 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 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, patents and computer programs, and
financial assets, including such items as accounts receivable, bonds
and stocks.
If you were to receive a home mortgage you may have to declare your
assets. Further on we are going to give you more hints on asset
management, so follow links at our web site and you'll get all the
necessary info.
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