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Accounting (Assets)

Last modified by
on
Sep 29, 2022, 12:51:20 AM
Created by
on
Aug 22, 2014, 8:24:13 AM
`A = L + SE `
`(L) "Total Liabilities"`
`(SE) "Shareholders Equity"`
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b31e38c2-29d5-11e4-b7aa-bc764e2038f2

The Assets calculator computes the accounting assets as a function of liabilities and shareholder equity.

INSTRUCTIONS: Choose currency units and enter the following:

  • (L)  This the total of libabilities.
  • (SE)  This is the shareholder equity.

Assets: The calculator returns the Assets (A) in U.S. dollars. However, this can be automatically converted to other currency units via the pull-down menu.

Accounting and Balance Sheet Calculators

Assets

In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

This accounting equation is used in double-entry accounting to display in a balance sheet either of the following

  • All assets financed by borrowing money
  • All assets financed by paying with the money of the company's shareholders.

In accounting, there are two types of Assets:

  • Current : assets to be consumed in a year e.g. inventory, cash, and accounts receivable.
  • Fixed : also known as non-current, are assets that are expected to generate income or benefits beyond a year e.g. A building, equipment, vehicles.

This equation, Accounting (Assets), is used in 1 page
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