Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. (Defined by SFAC 6, CON 6)

Assets = Liabilities and Equity

Assets = Liabilities + Commitments and Contingencies + Temporary Equity + Equity

Maps to US GAAP XBRL Taxonomy concepts:
  • us-gaap:Assets

Maps to the IFRS XBRL Taxonomy concepts:
  • ifrs:Assets