Objectives
After completing Lesson 2: The Relevance of Assets to Management, you will be able to:
- Label the types of assets in a balance sheet.
- Identify current assets, and state their importance to managers.
- Identify noncurrent assets, and state their importance to managers.
- Identify (noncurrent) fixed assets, and state their importance to managers.
- Identify the limitations of a balance sheet as it relates to management.
