What are Assets in Accounting? Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used., What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses., ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more., An asset is something valuable that a person or business owns, which can be used to generate income or provide future benefits. An asset is key in measuring financial health and stability., An asset is a resource with a monetary value that a person, business, or country owns or manages with the hope that it will bring benefits in the future. Assets are listed on a company's balance sheet and are bought or built to make the company more valuable or to help it run better., Assets are valuable resources owned by individuals or businesses that have economic value and can bring future financial benefits. These resources are important for managing finances, helping to build wealth, generate income, and ensure long-term stability..