Dec 08 2011

French > English Financial Glossary: Actif circulant > Current assets

Category: Financial GlossaryFinancial Translator @ 7:48 am

Plain English explanation:
Current assets are very simply those assets that are expected to be used (sold or consumed) within the coming 12 months, contrary to non-current assets (historically called fixed assets). Under IFRS, current assets must be shown separately on the statement of financial position (formerly the balance sheet).

Ensemble des éléments servant au cycle d’exploitation mais dont la durée de vie au sein du cycle de production et d’exploitation est habituellement courte.
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More technical stuff:
English translation: Current assets
Source: Saxce Accounting, Tax and Financial Dictionary
Date: 2007

L’actif circulant est composé d’actifs temporaires créés par l’exploitation.

Tags: accounting term

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