In financial accounting, current assets include any balance sheet item that a company can convert into cash within one year. This conversion must be affected during routine business operations.

Current asset (Wikipedia) Updated: 2006-10-19 14:07. In accounting, a current asset is an asset on the balance sheet which is expected to be sold or otherwise used up in the near future, usually ...

Non-current assets usually generate benefits for a much longer time. This shapes how you record a patent as an accounting journal entry and document patents in the accounting balance sheet. More ...

Understanding Current Assets. In financial accounting, current assets include any balance sheet item that a company can convert into cash within one year. This conversion must be affected during ...