Intangible assets of the enterprise are non-monetary funds participating in the production process
1. They should not have a physical structure.
2. They should be used more than once in the performance of any work directly related to the production of goods or the management of the company.
3. They must be separable from other forms of property.
4. Used for a sufficiently long period of time (more than 12 months).
5. Possess the ability to bring economic benefits.
6. Have appropriately issued documentation, which confirms both the existence of the asset itself and its participation in economic activities.
Thus, intangible assets of the enterpriseAre non-monetary funds, which include two main categories: the company's business reputation and all kinds of intellectual property. At the same time, the latter concept includes many different rights that can be enjoyed by both the organization as a whole and its individual representatives. Nevertheless, the above-described categories can not include business and intellectual qualities of employees, the level of their qualifications, as well as the ability to work, because the properties presented are an integral part of their carriers, and therefore can not be used separately.
At the present time, it is possible to distinguish six features, according to which it is safely said that the intangible assets of the enterprise are the object under consideration. It:
1. Recognizable description or ability to identify.
2. The presence of the status of "object of private property rights".
3. The creation of an object must occur as a result of some event at a certain point in time.
4. Presence of the corresponding legal status, on the basis of which it is subject to legal protection.
5. The termination of the existence of an object, as well as the occurrence, should occur as a result of an identifiable event occurring in a certain period of time.
6. The existence of material evidence of both the existence of the object and its participation in economic activities.
There is also a separate group of factors thatcan be mistakenly identified in the category "intangible assets of the enterprise." An example of such a fallacy is the monopoly position, market potential, price reduction, the concept of "liquidity" and so on.
It should also be noted that the definition"intangible assets of the enterprise" is a rather multifaceted term that can be used in accounting and in the economy as a whole, as well as in some sections of jurisprudence.