The assets of the enterprise represent the property of the organization in its ownership. Currently, scientists distinguish three main categories of this concept - these are tangible, intangible and
financial assets. In our article, the last group will be considered, since it is it that consists of a combination of monetary resources and securities.
What are financial assets
These are all kinds of financial instruments that are on the balance sheet of the enterprise. This includes cash investments and other investments, accounts receivable, insurance policies and shares, cash on hand and various securities. All of the above are types of financial assets.
On the other hand, the desired concept can be defined as the possibility of presenting rights to profits obtained as a result of using real funds. In other words, invested funds are a source of income, and financial assets are a characteristic that allows you to distribute the profit.
Therefore, we can call another function performed by the concept under consideration. It consists in the redistribution of resources and funds in modern society. Thus, financial assets are a rather peculiar form of ownership. It represents those in need of the role of recipients, and those who have excess cash, in turn,
act as donors. It should also be noted that the value of financial assets should be at a level that illustrates the market position. In addition, it must meet the demand-supply ratio.
Modified structure
Despite the fact that the classification described earlier is quite complete and comprehensive, modern scientists have adopted a number of provisions on what relates to the concept of financial assets. Currently, all kinds of loans, stocks, technical reserves, deposits and currency, as well as monetary gold, can be safely attributed to this definition. The created classification allows you to unambiguously and accurately relate a particular resource or tool to one of the balance sheet items of an enterprise.
To summarize
All of the above allows us to make several fundamental conclusions. To begin with, it should be noted that financial assets are only one of the categories of an organization’s total asset. All kinds of cash receipts are attributed to it.
The second point is necessary to mention that the desired concept is important, however, to a large extent, a peculiar and specific form of ownership. It is she who determines the amount of possible profit, as well as the nature of its distribution.
Thirdly, these assets can be considered as financial claims and obligations that allow the owner to have certain rights to receive various payments or a series of payments from any other institutional units (the so-called "debtors") based on a previously concluded agreement between them .