Asset, Current

A current asset is something that a business can easily convert into cash within 12 months. Examples of current assets include cash, cash equivalents, accounts receivable, inventory, and anything that can be sold or converted into cash promptly. Current assets are important because if a company’s current liabilities exceed its current assets it may struggle to pay its bills. See also Asset, Fixed.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.