Definition for : Assets
Assets represent everything that the company owns and what owed to it. There are two major categories of assets: Fixed assets and Current assets. Assets represent the uses to which the resources the company raises from all providers of funds (Shareholders, creditors, suppliers, tax authorities, etc.) are put.
(See Chapter 4 Capital employed and invested capital of the Vernimmen) )
To know more about it, look at what we have already written on this subject