Current Assets Explained | Accounting How To | How to Pass Accounting Class

Current Assets Explained | Accounting How To is an accounting tutorial explaining current assets and the difference between current and non-current assets, why it's important to categorize assets, an introduction to the categorized balance sheet, common current asset accounts, and an introduction to financial ratios. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Accounting Basics for Business Owners. ⏰ Accounting How To Time Stamps: 00:00 Hilarious Accounting Humor 00:20 What is a Current Asset? 01:30 What is a Non-current Asset? 02:35 Why do we categorize assets? 03:20 Introduction to the categorized balance sheet 03:47 Common current asset accounts 04:23 Introduction to Financial Ratios Link to Current Liabilities video: https://youtu.be/R2LvB0iduZ4 🎥 Playlists: