Talk:Fixed asset

Definition

This is not a definition of a non-current asset as property plant and equipment is a type of non-current asset not another term for it. Unsure of how to change it but something about non-current assets being an asset that is held for more than one accounting period, not something that can easily be converted to cash. — Preceding unsigned comment added by Hellfire29 (talk • contribs) 00:25, 23 October 2012 (UTC)

This article is confusing different things

Non-current assets (linking to this article) and fixed assets, are not identical. For example, under some circumstances inventory might be considered non-current by Generally Accepted Accounting Principles (because it is expected to be held for a very long term, significantly longer than it is normally under the same business), but it is not a fixed asset. Stocks are also not fixed assets, but in accountancy if the firm is intending to hold it for long periods then it is non-current. And there are more such examples.

The problem is both in the link form Non-current asset to here that should be deleted (and instead it should be an article on its own), and in this article in itself that is confusing the two things.

Also, a tangible asset is not identical to either of those two. If there was some writer who used a different terminology (assuming the writer of this article understood the source correctly), it is still not enough to justify the use of this term in a different meaning than its common, usual one. Orielno (talk) 16:28, 23 August 2016 (UTC)

Orielno, you're right. I noticed too, tried to clean it up, but may have made it worse.--FeralOink (talk) 01:49, 14 April 2021 (UTC)

Accounting

Example of a fixed asset 41.114.196.216 (talk) 18:46, 21 February 2022 (UTC)

Flip this around, making the topic non-current assets and include fixed as a subtopic?

Wondering whether flipping this around would be a better approach and improve clarity here. My thinking is:

- Although the terms are sometimes used interchangeably, I would argue that globally fixed assets are more commonly understood as a type of non-current asset, being tangible non-current assets/PPE. So having fixed as the subtopic makes more sense than the other way around.

- As the article notes, non-current is the more technical term, so it could be argued it should have more weight.

- A non-current asset article would be a better balance in the series as matched with Current asset.

Alternatively, as another user noted above it could be two separate articles. However I suspect this may be confusing given how in some countries the two terms are used relatively interchangeably to mean the opposite of current.

Interested to hear others thoughts on this. Equal Inequity (talk) 17:41, 25 July 2022 (UTC)

Financial accounting

what are the functions of fixed asset? 2405:204:5701:C3D4:8917:7A9E:BDDC:7594 (talk) 11:15, 23 October 2022 (UTC)