Governmental Accounting Standards Board (GASB) Statement No. 51, Accounting and Financial Reporting For Intangible Assets. Several criteria define assets that can be described as PP&E: Several ...

Digital assets, like Bitcoin, are referred to as 'bearer assets,' meaning that the owner of the private key controls the asset — similar to how holding a physical gold bar makes you the owner of it.

Asset managers allocate clients' assets across classes like cash, equities, and alternatives based on goals and risk. Asset management firms earn fees, typically 1% of assets under management, and ...