This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
The Assets of a company that are Cash or 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, Prepaid Expenses and Short-term Investments.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely 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?"
term list.