An asset is anything, which you own and which is valuable, whether it is tangible or intangible. Assets are said to have positive economic value. Simply put an asset is something that is worth ...

Typically, your financial plan contains assets, liabilities, and investments. However, knowing the difference between these categories helps you to use them appropriately.

An asset has positive economic value, whereas a liability has negative economic value. Examples of liabilities include debt, accounts payable, and unearned revenue.

When it comes to a company's taxes, there are two important categories to understand: assets and liabilities. Tax liability is anything that a person or company owes taxes on, such as income or ...

Difference Between Total Claims & Total Assets. Claims and assets make up the backbone of the accounting systems. The famed accounting equation, seen in the budget sheet, is actually a rendition ...

Discover what goodwill in accounting means, how to calculate it, and its role during acquisitions. Learn about goodwill ...

When addressing proper retirement income makeup, we want to take control of our future tax liabilities by having the proper balance of taxable, tax-deferred, and tax-advantaged assets in our ...

Once you understand the difference between cash you can raise quickly from liquid assets and your total net worth, you can use that information with lenders.