Current asset
In accounting, current asset means an asset expected to be realized, sold or consumed within twelve months of the balance sheet date or the operating cycle, if longer.
- Layer
- Lexicon
- Defined in
- Lexicon
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Authority
This definition follows ASC 210-10-45.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
The lesson that teaches this
Accounting, 0 to 1 — a free course taught end to end on one month of one company, with the spreadsheet exercises to work it yourself.
Current asset, in use
Quoted from the document that use the word — what it does to an interface, in the spec's own sentence.
All three separate receivables from other current assets at the type level — QBO AccountType has Accounts Receivable vs Other Current Asset, NetSuite has AcctRec vs OthCurrAsset.
Lopifi APIs: Xero, QuickBooks Online, NetSuite — What actually differs
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- short-term asset
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
Terms this one depends on
Also in Statements
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.