From Open Risk Manual


Asset is a very broad term that means a resource of monetary or other value (Economic Resource) that is owned by an entity and/or provides benefit to some party.

An asset is something of either tangible or intangible value that is worth protecting, including people, information, infrastructure, finances and reputation. It may be a durable object, which produces a flow of goods and/or services over time (Productive Asset).

  • Anything controlled by an organization as a result of past actions that the organization signifies as important or valuable.
  • Specifically, a recognized asset is an entry in an entity's Balance Sheet statement.


  • ISACA Fundamentals
  • IFRS Framework


This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.