Forbes contributors publish independent expert analyses and insights. David John Marotta is a financial advisor covering financial planning. Typically, your financial plan contains assets, liabilities ...

Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets. So do many people. An asset is ...

Asset Liability Management or ALM is a mechanism designed to address the risk faced by banks due to a mismatch between assets and liabilities, which arise either because of liquidity or because of ...

Liability matching is a strategy that aligns asset sales and income with future expenses. This ensures that funds are ...

Inventory appears on your balance sheet as an asset, or something you own. In practical terms, however, inventory can be an asset or a liability, depending on how much you have, which particular items ...