The Income/Outcome^® Contextuary

a visual glossary of corporate finance

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We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

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Current Assets

The Assets of a company that are reasonably expected to be converted to cash or consumed within 12 months from the date of the Balance Sheet. Current Assets include Cash, Receivables, Inventory and Prepaid Expenses.

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Current Assets

The Income/Outcome^® Contextuary