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Money Bag

Unit 3 - Finance & accounts

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Chart Increasing

Unit 1 - Introduction To Business Management

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Briefcase

Unit 2 - Human Resource Management

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Direct Hit

Unit 4 - Marketing

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Factory

Unit 5 - Operations management

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Bar-Chart

Unit 6 - Assessment

🎉 Hey there! Let&#39;s dive into the colorful world of business assets and make them as fun as a trip to Disneyland! 🎢

In Simple Words: Assets are cool things a business owns or is owed.

<ul>
	<li>
	Fixed Assets (Non-current assets) 🏰

	<ul>
		<li>Last for more than 12 months in a business. They&#39;re like the Hogwarts of assets &mdash; long-lasting and mighty!</li>
		<li>Tangible Examples (Things you can touch! 🖐)
		<ul>
			<li>Buildings: Like Apple&#39;s spaceship-looking headquarters.</li>
			<li>Equipment: That super coffee machine in your favorite caf&eacute;.</li>
			<li>Vehicles: Think of Amazon delivery vans.</li>
			<li>Machinery: Chocolate-making machines at a Cadbury factory.</li>
		</ul>
		</li>
		<li>📉 Some of these (like machinery) depreciate. This means they lose value over time, kinda like how a new car&#39;s price drops when you drive it off the lot.</li>
		<li>Intangible Assets: Ghost-like assets you can&#39;t touch, but they&#39;re super important! They can be tricky to put a price on. (Hold tight, we&#39;ll dive deeper into this mysterious ocean later!)</li>
	</ul>
	</li>
	<li>
	Current Assets (The Flash of Assets!) ⚡

	<ul>
		<li>These are the quick ones! They stay in a business for only up to 12 months.</li>
		<li>Examples
		<ul>
			<li>Cash: 💰 Money from selling things. Can be in a bank or a cash box at the business.
			<ul>
				<li>Real-World Magic: Think of the money in a Starbucks cash register!</li>
			</ul>
			</li>
			<li>Debtors: People or other businesses who bought stuff from you but haven&#39;t paid yet.
			<ul>
				<li>Picture This: Imagine your friend owes you money for that concert ticket. In business terms, your friend is a debtor!</li>
			</ul>
			</li>
			<li>Stock (or Inventory): All the things a business is ready to sell or use to make products.
			<ul>
				<li>Raw materials: Like the cotton used to make T-shirts.</li>
				<li>Semi-finished goods: T-shirts half-made.</li>
				<li>Finished goods: Ready-to-wear T-shirts.</li>
			</ul>
			</li>
		</ul>
		</li>
	</ul>
	</li>
</ul>

Think of It Like: A pizza place! Raw materials are the dough, sauce, and toppings. Semi-finished is the assembled but unbaked pizza, and finished goods are the hot pizzas ready for delivery! 
Whew! We&#39;ve surfed through the waves of assets.

&nbsp;

🌊 Remember, assets are the valuable stuff a business has or is waiting to get. So next time you see a business, think of all the treasures it holds! 🏄&zwj;♂️🌟

Unlock The Secrets To Understanding Business Assets: Tangible Vs Intangible

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Standard Level

Business Management SL

Unit 3 - Finance & accounts

Unlock The Secrets To Understanding Business Assets: Tangible Vs Intangible

Table of content

What are assets? 🤔

Unlock the Full Content!

Unit 3 - Finance & accounts

Unlock The Secrets To Understanding Business Assets: Tangible Vs Intangible

Table of content

What are assets? 🤔

Unlock the Full Content!