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Financial Assets

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F H G (Querist)
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28 April 2010 What is the financial asset?
Please explain it by giving the examples of financial assets.

Thanks & Regards
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ca dipti sharma

ca dipti sharma (Expert)
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28 April 2010 financial assets means Money and claims, as distinct from physical assets such as land, buildings or equipment. Financial assets include money, securities giving a claim to receive money, such as bills or bonds, and shares.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 April 2010 AGREE WITH EXPERT.
This phrase is a blanket term for cash and bank accounts plus securities and investment accounts that can be readily converted into cash. Excluded are illiquid physical assets such as real estate, automobiles, cars, jewelry, furniture, collectibles, etc. Firms in the financial services industry typically use this measure of personal wealth when evaluating and categorizing clients.

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