What are Assets? (Let's Break Them Down)

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Discover what Assets mean in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll hear the definition of Assets in Accounting. I'll also take you through the common types of Asset that are worth knowing about.

⏱️TIMESTAMPS
00:00 - Intro
00:47 - What are Assets in Accounting?
01:30 - Assets Defintion
01:54 - Uncertainty about the Future
02:40 - Future Economic Benefit
03:33 - Straight Line Depreciation
04:00 - Obtained and Controlled
05:08 - Balance Sheet Definition
05:40 - Current Assets
07:00 - Non-Current Assets

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