SIF AssociationCCSSO

Technical View

Common Attributes

Core Entities

Asset (Asset)

Assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. This class and most of the classes and entities below are described using text from: U.S. Department of Education, National Center for Education Statistics. Financial Accounting for Local and State School Systems: 2003 Edition (NCES 2004–318), by the Core Finance Data Task Force, The National Forum on Education Statistics.