Operating Assets

Hello All,

I was reviewing a balance sheet for a bunch of financial just to see whether I can understand it. I noticed that many sheets include “operating assets.” I don’t think I have I much idea about this term.

I googled it and found that (source:http://www.accountingtools.com/questions-and-answers/what-are-operating-assets.html) it includes:

  • Current assets
  • Fixed assets
  • Intangible assets

Are these the only type of assets included, or I am missing something? I believe my biggest frustration with accounting is that there are a lot of terminologies that I am not familiar with.

I would appreciate any response on this topic. I saw a few threads on CFA-L2 on this forum, but overall, everyone ended up coming with their own terminology for Operating Assets, something that added to my confusion.

Best regards

anyone? any thoughts?