The Accounting Assets calculator computes the assets (TA) of a company or division based on liabilities (L), stocks (S), retained earnings (RE), revenue (R) and expenses (E).
INSTRUCTIONS: Choose currency units and enter the following:
- (L) Total liabilities: moneys owed, debts or pecuniary obligations .
- (S) Total value of Stocks, a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
- (RE) Total Retained Earnings, the part of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders' equity on the balance sheet.
- (R) Total Revenue realized, the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.
- (E) Total expenses, money spent or costs incurred that are tax-deductible and reduce taxable income.
Total Assets (TA): The total assets are returned in U.S. dollars. However, this can be automatically converted to other currencies via the pull-down menu.
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.
The Assets (Accounting Eq. Variation) computes the assets of a company or division. Examples include cash, investments, accounts receivable, inventory, supplies, land, buildings, equipment, and vehicles.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.