GASB issued a proposal Thursday that would establish requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. The changes are intended to help ...

Phil has been in corporate finance for 37 years. CEO of Global Financial Svc, Global Financial Training Program, Global Church Financing. If you're trying to obtain a loan for your business, you ...

Discover the key differences between fixed and current assets, including their roles in business, how they're recorded, and why they matter for financial strategy.

Asset classification is the process of categorizing various assets into distinct groups or categories based on specific attributes or characteristics. This systematic categorization allows for a more ...

Discover what physical assets are, their types, and how they're accounted for in business. Learn how they impact financial statements and business operations.