User:ThinkingTwice/sandbox

Fixed assets or Non-Current Assets is a term used in accounting for any assets that cannot easily be converted into cash. This can be compared with current assets such as Cash and cash equivalents, which are described as liquid assets. This will include both tangible as well as intangible assets. Under the International Financial Reporting Standards (IFRS) Fixed Assets are defined using IAS 16 as assets whose future economic benefit is probable to flow into the entity and whose cost can be measured reliably.

Fixed assets can be broken down into sub


 * Tangible assets (including property, plant, and equipment) (PPE)
 * Intangible assets
 * Investments (long-term)
 * Other assets