The Asset which can be easily converted into a cash within the operation cycle (usually a fiscal year).
It's also called Short-Term Asset.
Typical current assets include cash, cash equivalents, short-term investments (marketable securities), accounts receivable, stock inventory, supplies, and the portion of prepaid liabilities (sometimes referred to as prepaid expenses) which will be paid within a year
See also
Business / Business Administration / Accounting
[ Asset ] [ Amortization ]