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In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent the value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm…
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Explore the main themes, entities and connections around Asset. Start with the topic map, then use the sections below for research and deeper semantic analysis.
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assets current accounting tangible intangible financial economic value cash balance sheet investments also fixed used include business equipment goodwill resource
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Asset | is a | present economic resource controlled by the entity as a result of past events | 0.90 | text |
| Asset | is a | asset that can reasonably be expected to be sold | 0.90 | text |
| Asset | is a | asset that irreversibly declines in value over time | 0.90 | text |
| twelve months.ClassificationUnder International Financial Reporting Standards | instance of | Quick assets are those that can be quickly turned into cash if necessary and may not be used for a substantial period of time | 0.80 | text |
| an asset is classified as current if it is expected to be realized | instance of | Quick assets are those that can be quickly turned into cash if necessary and may not be used for a substantial period of time | 0.80 | text |
| sold | instance of | Quick assets are those that can be quickly turned into cash if necessary and may not be used for a substantial period of time | 0.80 | text |
| or consumed in the entity's normal operating cycle | instance of | Quick assets are those that can be quickly turned into cash if necessary and may not be used for a substantial period of time | 0.80 | text |
| bonds | instance of | Investments in securities | 0.80 | text |
| common stock | instance of | Investments in securities | 0.80 | text |
| or long-term notesInvestments in fixed assets not used in operations | instance of | Investments in securities | 0.80 | text |
| manufacturing | instance of | Sectors | 0.80 | text |
| medical | instance of | Sectors | 0.80 | text |
These clusters group vocabulary that occurs around closely connected concepts in the source material.
Bridges can reveal useful research angles that are easy to miss in a flat list of related terms.