What is it?

An asset is an accounting term which describes an economic resource.  Anything tangible or intangible that can be owned or controlled to produce value and has a positive value is considered an asset.

Why is it important?

The tangible assets at Carleton include inventory, buildings and equipment.  Intangible assets include copyrights, patents and computer programs.

Where do I find more information?

The value of Carleton University’s assets can be found on the Audited Financial Statements.