What acronym can be used to remember examples of current assets?

The acronym that can be used to remember examples of current assets is CAMPIN. This acronym represents various types of current assets commonly found on a balance sheet. Each letter stands for an element of current assets:

• C for Cash and Cash Equivalents
• A for Accounts Receivable
• M for Marketable Securities
• P for Prepaid Expenses
• I for Inventory
• N for Notes Receivable

These categories are essential for understanding a company's liquidity, as they can be easily converted into cash within a year. Recognizing these components helps finance and HR professionals assess the short-term financial health of an organization.

Other options, while relevant in different contexts, do not comprehensively cover the typical components of current assets the way CAMPIN does. This makes CAMPIN a useful mnemonic for recalling the primary examples of current assets effectively.