The assets of an European company are usually divided into two major categories:
fixed assets and
current assets.
The fixed assets category includes intangible assets, tangible assets, and financial assets.
The current assets category includes stocks, debtors, investments, and cash at bank and in hand.
In the United States, the assets of a company are usually divided into five categories:
current assets,
investments,
property, plant, and equipment;
intangible assets, and
other assets.
These categories are listed on the balance sheet in decreasing order of their presumed liquidity.
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