The Assets calculator computes the accounting assets as a function of liabilities and shareholder equity.
INSTRUCTIONS: Choose currency units and enter the following:
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.
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
In accounting, there are two types of Assets: