Assets is an
accountancy concept that represents the
group of all goods and rights, tangible or
intangible, held by a certain individual or
organization, and to which can be given a
monetary value.
The assets can
be divided into Fixed Assets and Variable
Assets:
1. Fixed
Assets, represent the group of goods and
rights that, by its characteristics remain
in possession of the organization during a
long term, such as land, facilities,
equipments, rights of using areas, brands or
technologies, industrial and intellectual
property, long term financial
participations, among others (in accountancy
terms corresponds to the goods and rights
classified in the sections of tangible
assets, intangible and financial)
2. Variable
Assets or Exploitation represent the group
of goods and rights that are in the company
with the purpose to be converted into
monetary means such as existences, debts to
receive, bank deposits, among others.
On an
accountancy perspective, the Assets are
represented on the right side of the
Balance Sheet and correspond to the set of applications
made by the organization.
