What are the different categories of assets in an organization?

Organizations typically categorize their assets into several key groups:

1. Current Assets: These are short-term assets expected to be converted into cash within a year, including cash, accounts receivable, and inventory.
2. Fixed Assets: Long-term assets used in operations, such as property, plant, equipment, and vehicles.
3. Intangible Assets: Non-physical assets like patents, trademarks, copyrights, and goodwill that provide value over time.
4. Financial Assets: Investments in stocks, bonds, or other financial instruments that represent ownership or creditor relationships.