Assets

Assets represent valuable resources held by individuals or businesses, crucial for generating incomeIncome refers to the money or value that individuals or businesses receive, typically from various sources such as salar... and ensuring financial stability. These are categorized into two types: Tangible Assets are physical items with intrinsic valueIn the context of Jamaica, real estate, and the global market, intrinsic value refers to the inherent worth of a propert..., such as cash, real estateReal estate refers to property consisting of land and the structures on it, such as buildings and homes. It also include..., vehicles, and equipment. They are easily identifiable and measurable. Intangible Assets include non-physical resources like patents, trademarks, copyrights, and brand recognition. Though they lack a physical form, they play a significant role in enhancing an entity’s value. In business, assets are detailed in financial statements, specifically on the balance sheet, alongside liabilities and equityIn real estate, equity refers to the portion of a property that an owner truly "owns," as opposed to the part that is st.... Effective asset management and accurate reporting are essential for maintaining financial transparency and meeting regulatoryIn Jamaica, regulatory measures are the formal rules and standards established by government authorities to oversee and ... requirements.