|
Public Commercial Assets
Public Commercial Assets are the assets owned by the public sector able to generate income if managed professionally. Public Commercial Assets are a sub-sector of the asset side of the Public Sector Balance Sheet, that reports the totals of assets and liabilities that the government controls. According to IMF research, total public sector assets have a value equivalent to 2×GDP globally. Net worth (assets minus liabilities) would be equivalent to some 21% of GDP. Real estate is the single largest segment of all assets, globally.McKinsey Global Institute. (2021).The rise and rise of the global balance sheet: How productively are we using our wealth. McKinsey & Co According to research from McKinsey Global Institute, Global net worth has risen as interest rates have fallen, since 2000 mainly due to the prices of real estate triple in value between 2000 and 2020. Most governments do not keep a complete record of all the real estate it owns, thus making it difficult to value, manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting Terminology
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, ana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
