Back to Basics – Assets

Accountancy can be simple if you know the basics. And, PQ magazine’s Back to Basic free video series is here to help you master the fundamental topics of accountancy. Remember, if you don’t master the basic subjects, they can come back to haunt you!

This month FME Learn Online’s Tom Clendon takes you through assets. He explains that what helps define an asset – Clendon says it is about ‘control’, and this word helps you understand when a resource becomes an asset.

Read his accompanying article on page 23 of the June 2021 issue, and to see the video go to:

We also have Back to Basic videos on:

Weighted Average Cost of Capital (WACC):

The Trail Balance:

Double Entry Bookkeeping:

The Strategic Planning Process:

Financial Maths (for ACCA AFM sitters):

* Check out all the free resources, including our test bank, at