Oct 19, 2020 · Current and Noncurrent Assets as Balance Sheet Items . The portion of ExxonMobil's balance sheet pictured below displays where you may find current and noncurrent assets. Oct 19, 2017 · In summary form, current assets will most of the time include cash, short-term marketable securities, accounts receivable, and net inventories. Companies are concerned with managing each of these current assets, because they can’t function unless they have cash that is adequate to pay their bills, and inventories to meet their demand.
If assets are classified based on their convertibility into cash, assets are classified as either current assets or fixed assets. An alternative expression of this concept is short-term vs. long-term assets. 1. Current Assets. Current assets are assets that can be easily converted into cash and cash equivalents (typically within a year).