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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."

Assets Subcategories Assets Articles GAP Insurance; Protecting Your Assets by Andrew Crowther Dec 11, 2008 Whether it be your house, your stocks and shares, or your car, the value of personal assets are sadly tumbling at a frightening rate. We are all suffering due to the world wide economic slowdown kicked off by the American sub-prime fiasco and lax len... A Chance to Rescue Ones Assets by Melissa treherne Nov 14, 2008 A Chance to Rescue Ones Assets Throughout the Australian Community, in the past few turbulent months, people from all walks of life have found themselves being inundated by a tidal wave of bad news, economic shock and increasing debt level... Turn Your Local Eyesore into Eye Candy! by Mike Taylor Oct 27, 2008 If you have an eyesore nearby that may be detracting from the price of your property, your community may qualify for a government grant to clean up and revitalize the area. The U.S. Environmental Protection agency, (EPA) has so far given out mil... Manifold the value of your Assets by Gracy Bonsu Feb 28, 2008 If you have an immovable property, like home, it always gives profit in the long run. Banks are offering home improvement loans for your convenience. These loans are specially meant for the remodelling and renovation of your home. If you take good ca... DISCOVER THE VALUE OF ART: HOW TO INCREASE YOUR WEALTH IN AN UNCERTAIN ECONOMY by Capucine Price Feb 25, 2008 "Man will begin to recover the moment he takes art as seriously as physics, chemistry or money" Ernst Levy Art fills many needs. Art and artists confer a 'coolness' factor onto neighborhoods, driving communities' economic growth. Corporati... Asset Protection From the Trust Up by Charles Lamm Feb 18, 2008 Asset protection works best when you start before you have a significant number of assets that need protection. You need to fix the roof before the rains pour in. The earlier a trust is created, the greater the benefits. The time you usuall... Benefits of Financing Business Assets rather than Paying Cash by James Peters Feb 11, 2008 With interest rates so cheap these days, most small – medium sized businesses are choosing to finance their business assets rather than paying cash. These assets include Cars, trucks, plant and machinery.These assets are increasingly being turned ove... 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... Homeowner Personal Loan - The Advantages Of Ownership by Melissa Kellett Jan 21, 2008 When you are looking for finance to fulfill your personal needs, the main problem is to get the amount of money you need. However, you probably want to pay the least possible amount of interests for that money too and you will also want to have low m... Securing Your Business Loan With Your Business Income by Lara Sawyer Dec 10, 2007 Running a business is not an easy task and the need of financing is a must. However, a business owner wants a cheap source of financing and not rates that eat up all revenue. Unsecured lines of credit are either too expensive or not available for sma...