Asset

In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.

Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.

Treasury

A treasury is either

The head of a treasury is typically known as a treasurer. This position may not necessarily have the final control over the actions of the treasury, particularly if they are not an elected representative.

The adjective for a treasury is normally "treasurial". The adjective "tresorial" can also be used, but this normally means pertaining to a treasurer.

History

As of the definition of a treasury from thêsaurus and in the context of the treasure obtained from war efforts the first recorded booty in history is a stele taken during 1160 BC.

The earliest found artefacts made of silver and gold are from Lake Varna in Bulgaria dated 4250–4000 BC, the earliest of copper are dated 9000–7000 BC.

The term treasury was first used in Classical times to describe the votive buildings erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or many similar buildings erected in Olympia, Greece by competing city-states to impress others during the ancient Olympic Games. In Ancient Greece treasuries were almost always physically incorporated within religious buildings such as temples, thus making state funds sacrosanct and adding moral constraints to the penal ones to those who would have access to these funds.

Al-Khazneh

Al Khazneh ("The Treasury"; Arabic: الخزنة‎) is one of the most elaborate temples in the ancient Arab Nabatean Kingdom city of Petra. As with most of the other buildings in this ancient town, including the Monastery (Arabic: Ad Deir), this structure was carved out of a sandstone rock face. It has classical Greek-influenced architecture, and is a popular tourist attraction.

History

Al Khazneh was originally built as a mausoleum and crypt at the beginning of the 1st Century AD during the reign of Aretas IV Philopatris. Its Arabic name Treasury derives from one legend that bandits or pirates hid their loot in a stone urn high on the second level. Significant damage from bullets can be seen on the urn. Local lore attributes this to Bedouins, who are said to have shot at the urn in hopes of breaking it open and spilling out the "treasure"—but the decorative urn is in fact solid sandstone. Another legend is that it functioned as a treasury of the Egyptian Pharaoh at the time of Moses (Khaznet Far'oun).

New Zealand Treasury

The New Zealand Treasury (Māori: Kaitohutohu Kaupapa Rawa) is the central public service department of New Zealand charged with advising the government on economic and financial policy, assisting with improving the performance of New Zealand's economy, and managing financial resources.

Treasury has four main functions:

History

The Treasury is one of New Zealand’s oldest institutions, having been first established in 1840. Initially the Treasury consisted of just a few officials responsible for managing the Government’s day-to-day financial affairs. In the 1920s the department took on a supervisory role over other departments’ spending and oversight of government borrowing.