# Current asset

> Current asset — An asset expected to be realized, sold or consumed within twelve months of the balance sheet date or the operating cycle, if longer.

Source: https://lopifi.com/glossary/current-asset
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- short-term asset

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** balance-sheet, asset