Professional Documents
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1 4092466949newsletter - 2nd Quarter
1 4092466949newsletter - 2nd Quarter
1
TABLE OF CONTENT
2 Eight Issue
01
TAWAL’s
NEWS
3 Eight Issue
BUSINESS NEWS
4 Eight Issue
BUSINESS NEWS
AGREEMENTS
5 Eight Issue
VISITS
6 Eight Issue
02
Our
Events
7 Eight Issue
OUR EVENTS
Giving back
to those in need
A PRIL, 2023
8 Eight Issue
OUR EVENTS
World
Telecommunications
and Information Society
Day discussion session
MAY, 2023
Blood Donations
to Save Lives
JUNE, 2023
9 Eight Issue
OUR EVENTS
Managed Project
Service Award
JUNE, 2023
10 Eight Issue
03
Zoom in to
TAWALers
11 Eight Issue
NEW JOINERS
12 Eight Issue
NEW JOINERS
13 Eight Issue
04
Recommended by
TAWALers
14 Eight Issue
R E C O M M E N D E D B Y TAWA L E R S
Recommended by TAWALers
J U N E, 2023
Reem Almarzouqi
Legal Advisor
15 Eight Issue
05
Ask The
Expert
16 Eight Issue
ASK THE EXPERT
1- Convertibility: Classifying assets based on how easy it is to convert them into cash, either current assets
or fixed assets
Current assets: are a company’s short-term assets; those that can be liquidated quickly and used for a
company’s immediate needs such as cash.
Fixed assets are long-term and have a useful life of more than a year such as goodwill and PPE (Property,
plant, and equipment).
2- Physical existence: Classifying assets based on their physical existence, either tangible vs. intangible
assets
Tangible assets: A physical asset whose presence can be felt and touched such as towers and Furniture.
Intangible Assets: Assets whose presence cannot be felt or touched such as software and goodwill.
3- Usage: Assets are classified based on their usage or purpose, either operating assets or non-operating
assets.
Operating assets: are assets that enable your business to generate revenue via your core business
operations such as Cash and Inventory
Non-operating assets: are assets that do not help your business generate revenue via your core
business operations but may still help you generate income in other ways such as Unused land and Spare
equipment.
However, assets can belong to multiple categories. For example a furniture is an example of fixed and tangible
assets.
Norah M. AlOmran
Senior Accountant, Fixed Assets
Financial Controlling
17 Eight Issue
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