We continue with the 'assets' theme and become clearer on what is, and what isn't, an asset. Anything of value is an asset, but not all assets are recognised as such (control, realisation of embodied value, measurement).
Anne Kriel continues her video from Lesson 1, with a special focus on assets.
In the following video, 'Business Is All About Assets,' we explore the essential duality of accounting: for every asset there is an equivalent value claim on that asset. But what does that look like?
Using the BaSIS Framework, Peter Frampton provides an overview of 'What makes an asset, an asset?' For now you can ignore the other 4 elements of the BaSIS Framework shown.
- I have heard companies say, "Our people are our greatest asset!". Are they an asset? Are they recognised as such? Explain.
- A toxic waste dump is physical. But surely that can't be an asset! Explain your thoughts.