A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Find out why accountants consider work in progress (WIP) to be a current asset on the balance sheet for financial accounting purposes.

Many ratios help analysts measure how efficiently a firm is paying its bills, collecting cash from customers, and turning inventory into sales. Two of the most important are accounts receivable and ...

Current assets are cash or its equivalent or those assets that will be used by the business in a year or less. They include the following: Cash is the cash on hand at the time books are closed at ...