Assets (CTBA025 - SIGACTB)

All goods and rights belonging to the company. They can be valued in monetary terms and represent future or present benefits to the company.

Assets have, simultaneously, four characteristics.

• Goods or Rights
• Ownership
• Measurable in monetary terms
• Present or future benefits

Within classification Assets, accounts are subdivided into other groups. According to legal requirements, goods and rights must be classified as Assets in decreasing order of liquidity level. Therefore, Assets must be divided into three groups:

• Current
• Long-term
• Permanent