By Yasmine EDDAM
17 April 2025
Good management of a business depends on a clear understanding of what it owns. Correctly identifying the goods, equipment or rights that make up your business assets is a fundamental first step. But how do you know whether an item should be considered a genuine 'asset' in the accounting sense? And once identified, how do you enter it correctly in the accounts? These are not insignificant questions, because the wrong classification or accounting treatment can distort your company's financial image and have tax consequences. The General Chart of Accounts (PCG), which sets out the rules in France, provides precise answers. This article explains the definition of a non-financial asset, the different categories that exist and the essential criteria for accounting for them, including the more detailed component-based approach. What are assets under the French General Chart of Accounts? At the heart of French accounting, the concept of an asset is...
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