Asset Ledger Definition

Asset Ledger Definition

What Is An Asset Ledger? The asset ledger is the portion of a company’s accounting records that details the journal entries relating only to the asset section of the balance sheet. Asset ledgers will have many sub-accounts. The larger the company, the more numerous and complex the asset ledgers will be. Key Takeaways The asset

Asset-Prison accountability Committee (ALCO): Definition, Place, Example

Asset-Prison accountability Committee (ALCO): Definition, Place, Example

What Is an Asset-Liability Committee? An asset-liability committee (ALCO), also known as surplus management, is a supervisory group that coordinates the management of assets and liabilities with a goal of earning adequate returns. By managing a company’s assets and liabilities, executives are able to influence net earnings, which may translate into increased stock prices. Key

Asset/Legal responsibility Control: Definition, That means, and Methods

Asset/Legal responsibility Control: Definition, That means, and Methods

What Is Asset/Liability Management? Asset/liability management is the process of managing the use of assets and cash flows to reduce the firm’s risk of loss from not paying a liability on time. Well-managed assets and liabilities increase business profits. The asset/liability management process is typically applied to bank loan portfolios and pension plans. It also