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 provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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