The intangible assets of the enterprise are non-monetary funds participating in the production process

Intangible assets of the enterprise are one of the important components of its potential, which is intended to provide economic benefits for a sufficiently long period of time. Such a group of funds is traditionally referred to as non-current assets of the organization. This term is understood by funds, which many times participate in the production of goods and services. At the same time, they gradually transfer part of their original value to the products. Intangible assets of the enterprise include such forms of property that meet the following requirements:

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 should be separate 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 enterprise are non-monetary funds, which include two main categories: the company's business reputation and all kinds of intellectual property objects. 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, business and intellectual qualities of employees, the level of their qualifications, as well as the ability to work, can not be attributed to the categories described above, as the presented properties 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 one safely says that the intangible assets of an enterprise are the object under consideration. It:

1. Recognizable description or ability to identify.

2. The existence 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. The presence of the relevant 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, must occur as a result of an identifiable event occurring in a certain period of time.

6. The existence of physical evidence both the existence of the object and its participation in economic activities.

There is also a separate group of factors that can 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 of "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.