|
AccountingTermsDictionary |
| U.S. GAAP Codification | Accounting Topics |
|
Accounting Terms Dictionary |
| Principles of Accounting, U.S. GAAP Financial Reporting Guide |
| Accounting by Topic, Accounting Terms Dictionary |
| Accounting Terms Dictionary |
| Examples of Asset Accounts |
| Examples of Asset Accounts 1. Assets = current assets + noncurrent assets 2. Current assets Assets that are expected to be converted into cash within (A) or (B), whichever is longer (A) one year (B) normal operating cycle 3. Noncurrent assets Assets that are expected to be converted into cash after (A) or (B), whichever is longer (A) one year (B) normal operating cycle 4. Examples of current assets Cash Accounts receivable, due within one year Notes receivable, due within one year Prepaid expenses Inventories Short-term loans, due within one year Current portion of long-term loans Trading securities Available for sale securities, to be sold within one year Held to maturity securities, due within one year 5. Examples of noncurrent assets Accounts receivable, due after one year Notes receivable, due after one year Long-term loans, due after one year Available for sale securities, to be sold after one year Held to maturity securities, due after one year Property, plant and equipment Intangible assets |
| Index of Accounting Terms Dictionary |
| Copyright © AccountingInfo.comTM Legal Disclaimer |