Difference between revisions of "Current Assets"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 9: | Line 9: | ||
| − | They include: | + | They include indicatively: |
* [[Cash]] | * [[Cash]] | ||
* [[Government Bonds]] | * [[Government Bonds]] | ||
Revision as of 22:09, 12 April 2021
Definition
Current Assets. They are valuable assets (resources or property) of an organization that will be turned into cash within one year, or used up in the operation of the organization within one year.
More specifically, current assets are assets that are:[1]
- expected to be realised in the entity's normal operating cycle
- held primarily for the purpose of trading
- expected to be realised within 12 months after the reporting period cash and
- cash equivalents (unless restricted).
They include indicatively:
- Cash
- Government Bonds
- Marketable Securities and notes
- Accounts Receivable
- Inventory, and
- prepaid expenses.
Usage
See Also
References
- ↑ IAS 1.66
XBRL Properties
- IFRS Prefix: ifrs-smes
- Element Name: Current assets [abstract]
- Common Initials:
- Element Type and Attributes: Aggregate
- Hierarchy Level: 2
- IFRS References:
