Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible assets on your accounting records. Specific ...

If your business has real property that is in foreclosure, generally accepted accounting principles, often called GAAP, require that these assets be disclosed separately in your accounting records.

Editor's note: A version of this article was initially published on March 2, 2017. It is part of Morningstar's Tax and IRA Guide special report. You've run the numbers and determined whether your ...

In financial and investment terms, net worth is defined as a person’s or entity’s total assets minus their liabilities. Both should be headers on your balance sheet. What is an asset — and are you ...

You've run the numbers and determined whether your spending rate is on track (or, if you're already retired, whether your spending rate is in the right ballpark). You've consulted reliable sources and ...