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What is a Capital Resource? A capital resource is a durable good that is utilized by organizations to generate goods and services and facilitate operational processes. These assets are pivotal for the functioning of any economic entity, whether it operates in the manufacturing or service sector.
This glossary is extracted from the most recently published International Financial Reporting Standards and International Accounting Standards. These Standards were issued by the International Accounting Standards Board (Board) or its predecessor, the International Accounting Standards Committee.
capital. Under a financial concept of capital, such as invested money or invested purchasing power, the net assets or equity of the entity. The financial concept of capital is adopted by most entities.
21 Ιαν 2020 · A capital resources definition, simply stated, refers to goods a business needs to produce other goods or provide services. Capital resources are a long-term investment, meaning they are not used up within a year. Examples of capital resources include buildings, machinery and equipment.
The main types of capital resources are as follows: Financial Capital: Financial Capital is mainly required to make sure that the company operates and functions as per the requirements that are set by the company. Running finance to pay for day-to-day operational expenses can be an example.
10 Αυγ 1993 · The NYSSCPA has prepared a glossary of accounting terms for accountants and journalists who report on and interpret financial information.
