Definition: Fixed Assets is a term for long-term assets that will not be converted to cash in the short term, but are used in the operation of the business. Also known as Property, Plant and Equipment and as non-current assets. |
More on accounting and auditing: Accounting Cycle, Accounts Payable, Accounts Receivable, Accrued Revenue, Amortization, more on accounting and auditing... MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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