Total Assets is a term used in accounting to refer to the total value of all assets owned by a company. It is calculated by adding up the value of all tangible and intangible assets, such as cash, investments, inventory, buildings, equipment, and intellectual property. The term VITAMINS is an acronym for Vital Information That Affects Management's Investment Strategies and Decisions. This term is used to describe the key pieces of information that management needs to make informed decisions about investments and other financial matters.