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Personal Financial Planning
7. CHAPTER 4: PERSONAL FINANCIAL STATEMENTS (PREPARATION AND ANALYSIS)/Asset Categories and Classifications
7. CHAPTER 4: PERSONAL FINANCIAL STATEMENTS (PREPARATION AND ANALYSIS) Illustration
Syllabus Slides

Asset Categories and Classifications

01.Core Concepts

• Cash and cash equivalents • Liquid—easily converted to cash • Convert to cash within a year • Investment assets • Held for growth or income • Personal use assets • Long-lived assets • Used to maintain quality of life