Page 26 - NCCAA Finance Board Accountability

Statement of

Financial Position

(Balance Sheet)

Assets are the things that an
organization owns that have

value.

Examples of assets include cash,

buildings, equipment,

investments, accounts
receivable, prepaid expenses,

and fixed assets. They are
presented in order of liquidity

(how fast the asset can be
converted into cash).

Current assets are those assets

that are generally expected to

be available for use within one-
year and long-term assets are

longer than one-year.