Total financial assets (TFAs) are the sum of all financial assets owned by an entity, in all their types and maturities.
Total financial assets may also denote gross financial assets (GFAs), i.e., the sum of net financial assets (NFAs) and financial liabilities of an entity. In a corresponding context, gross value of financial assets reflects the total amount of financial assets held regardless of amortization or impairment (which involves writing down/ reduction of the recognized value of the asset over a period of time in an entity’s accounts, either due partial repayment or uncollectbility or increased credit risk, etc.) The overall period (term) is usually divided to regular intervals in each of which the cost of the asset is incrementally charged to an expense account.
