Intangible assets of an enterprise is one of the important components of its potential, which is designed to provide economic benefits for a sufficiently long period of time. A similar group of funds is traditionally referred to non-current assets of the organization. This term refers to funds that participate many times in the
process of production of goods and services. At the same time, they gradually transfer part of their initial value to products. Intangible assets of an enterprise include such forms of property that satisfy the following requirements:
1. They should not have a physical structure.
2. They must 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. Have the ability to bring economic benefits.
6. Have appropriately executed documentation that confirms both the presence of the asset itself and its participation in economic activities.
Thus, intangible assets of an enterprise are non-monetary funds, which include two main categories: the business reputation of the company and all kinds of intellectual property. Moreover, 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 categories cannot be attributed to the business and intellectual qualities of employees, the level of their qualifications, and the ability to work, since the properties presented are an integral part of their carriers, and therefore cannot be used separately.
At present, six signs can be distinguished, according to which they boldly say that intangible assets of an enterprise are the object in question. It:
1. Recognizable description or ability to identify.
2. The presence of the status of "object of private property".
3. The creation of the object should occur as a result of some event at a certain point in time.
4. The presence of an appropriate legal status, as a result of which it is subject to legal protection.
5. The cessation of the existence of the object, as well as the occurrence, must occur as a result of an identifiable event occurring in a certain period of time.
6. The availability of material evidence of both the existence of the object and its participation in economic activity.
There is also a separate group of factors that may be erroneously defined in the category of "intangible assets of an enterprise". An example of such a fallacy is monopoly position, market potential, price reduction, the concept of "liquidity" and so on.
It should also be noted that the definition of "intangible assets of an 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.