An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Understand what the current ratio measures, why it matters, and how to use it to assess and improve short-term liquidity.

Publicly traded corporations are required to publish quarterly balance sheets that allow shareholders to compare a company’s assets with its liabilities. It’s also a good practice for private ...

Accrued expenses are listed in the current liabilities section of the balance sheet because they represent short-term financial obligations. Companies typically will use their short-term assets or ...