Glossary

Glossary

Term Book Chapter Definition
Assets CFA Level 1 Exam Chapter 4: Financial Reporting and Analysis Resources owned by a company which are expected to provide future benefits. Assets include both current assets (cash, accounts receivable, inventory) and non-current assets (property, plant and equipment, long-term investments).
Assets Corporate Finance Chapter 3: Financial Statement Analysis Resources the company owns, classified as current (e.g., cash, inventory) or non-current (e.g., property, equipment).