Simple Present :

1.        current assets (current assets)Current assets are assets that can be cashed or can be used as money in the short term (within one accounting cycle). An asset is classified as current assets if the assets meet the following requirements
2.  Examples of current assets are cash, accounts receivable, merchandise inventory, supplies, prepaid insurance, and so on. Constituent in the balance sheet is set according to the order of their liquidity levels Long-term investments (long term investment)
3.    Companies that have substantial funds and are not immediately used, it will be investing in other companies, in the form of the purchase of securities (stocks or bonds) or other forms.
4.    MEASUREMENT OF FIXED ASSETSAs to the measurement of fixed assets can be divided into two parts, namely:A. Initial Measurement of Assets Such As Obtained
   Fixed assets that qualify to be categorized as fixed assets are initially measured at cost. The cost of an asset is the sum of the costs incurred by an entity and is required to prepare the asset to be used properly as a fixed asset.
5.       Costs that are directly attributable to bring the asset to the location and condition you want to be an asset in accordance with the intent and purpose of management. Examples of costs that are directly attributable to:a. Site preparation costsb. Handling cost and early deliveryc. Assembly and installation costsd.
6.        Measurement after Initial RecognitionMeasurements performed on fixed assets other than acquisition was also performed at the beginning of the period after the fixed assets acquired. In the SFAS 16 (Revised 2007) there is a significant change in the accounting treatment of fixed assets mainly on measuring the value of fixed assets after the acquisition.
7.        Revaluasian method (SFAS Revised 2007)With this method after the asset continues to be recognized as fixed assets, the assets whose fair value can be reliably measured should be recorded on the number revaluasian, the fair value at the date of revaluation less accumulated depreciation and accumulated impairment losses that occur after the date of revaluation.
8.        In the absence of trade in markets of similar assets, the determination of the fair market value can be done with the income approach or a depreciated replacement cost (depreciated replacement cost approach).
9.       Current assets are those that form part of the circulating capital of a business. They are replaced frequently or converted into cash during the course of trading. The most common current assets are stocks, trade debtors, and cash.
10.   Long-term liabilities refer to the category of debts presented on the balance sheet of a company which are required to be repaid during the upcoming twelve months, but that instead are required to be paid back within a year or more. Putting other way, Long-term liabilities involve a future benefit of more than a year, like notes payable that mature after a period of more than one year. The Long-term liabilities, in accounting, are listed on the right wing of the balance sheet representing the source of funds.