Unrestricted Net Assets


DEFINITION of 'Unrestricted Net Assets'

A group of items owned by the government with commercial or exchange value that have no external restrictions regarding their use or function. Unrestricted net assets appear in government accounting and are government-owned assets that can be utilized for any decided-upon purpose. This is in contrast to restricted net assets that are assigned to specific purposes.

BREAKING DOWN 'Unrestricted Net Assets'

Government accounting includes the principles and procedures used by local, state and federal governments for accounting purposes. Rules are established by the National Council on Governmental Accounting. Assets of local, state and federal governments are typically restricted to specific uses and purposes, however, unrestricted net assets fall outside this limitation.

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  2. Government Accounting Standards ...

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  3. Accounting

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  4. Generally Accepted Accounting Principles ...

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  5. Liquid Asset

    An asset that can be converted into cash quickly and with minimal ...
  6. Accountant

    A professional who performs accounting functions such as audits ...
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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
  6. What can working capital be used for?

    Working capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt ... Read Full Answer >>

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