Current Assets

Current assets are those that can be reasonably converted to cash within 12 months. Examples are money in accounts receivable, inventory, notes receivable, and marketable securities.
Current asset management is a key process in the overall management of a business. We can define it as the capability of a business to keep cash or liquid assets equal to or greater than operating expenses. The process of managing a business’s current assets is essential in order for the business to operate for extended periods.