classification of assets

Definition

Combining economic resources into categories according to their characteristics. In financial analysis, classification of assets is used in order to evaluate the health of a company by examining how well each of the company's type of assets is performing. Asset classes include fixed assets, investments, intangible assets, current assets and deferred costs.

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You should try and make sure that you know where all of your classification of assets stand at all times.

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When Harry looked at the classification of assets under his care, he was very glad that they had a diversified nature.

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There needed to be a classification of assets and I thought that our assistant manager would be able to help with it further.

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