Assets is an accountancy concept that represents the group of all goods and rights, tangible or intangible, held by a certain individual or organization, and to which can be given a monetary value.
The assets can be divided into Fixed Assets and Variable Assets:
- Fixed Assets, represent the group of goods and rights that, by its characteristics remain in possession of the organization during a long term, such as land, facilities, equipments, rights of using areas, brands or technologies, industrial and intellectual property, long term financial participations, among others (in accountancy terms corresponds to the goods and rights classified in the sections of tangible assets, intangible and financial)
- Variable Assets or Exploitation represent the group of goods and rights that are in the company with the purpose to be converted into monetary means such as existences, debts to receive, bank deposits, among others.
On an accountancy perspective, the Assets are represented on the right side of the Balance Sheet and correspond to the set of applications made by the organization.