Asset is an important part of accounting

Assets of the enterprise are property belonging to it and consisting of material, financial and intangible balance items. Let's consider each of them in more detail.

Material assets represent a tangible form of ownership. This category includes buildings and structures, as well as the land on which they are built, mechanisms and tools, production equipment. In addition, this section can also include stocks of used raw materials and materials, fuel resources and the like.

In turn, the concept of a "financial asset" is all sorts of financial instruments. This definition includes receivables, currency investments, the amount of cash in hand, insurance policies and securities, and much more.

Intangible assets include the right to use intellectual property both in the course of the production process and in the organization's documentation. This category traditionally includes trademarks and logos, various patents for inventions and the like.

Assets: Accounting

Like many economic indicators, the concept in question has many definitions that characterize it from various points of view. For example, everything written above makes it possible to understand that the "asset" is a concept closely related both to the economic activities of the enterprise and to the production process. However, consider the concept that represents the desired concept as a component of the balance sheet. Thus, the asset is a part that illustrates both the composition and the value of the company's property.

Classification

Currently, the assets of the enterprise are divided into several groups, depending on a variety of criteria. For example, the right to own property distinguishes between rented and own property; Absolutely, highly, weakly and illiquid assets are allocated by the degree of liquidity. Depending on the source of formation - pure and gross, and by the nature of participation in the production cycle, modern scientists identify turnaround and non-negotiable property.

Criteria

Nevertheless, despite some differences in wording, all the existing definitions of the above-mentioned concept reflect the main characteristics. There are only three of them:

1. An event that allowed us to manage the profit from the use of any property owned by the company has already happened.

2. An enterprise (organization) has the opportunity to benefit from the use of an asset. In addition, there is also the possibility of comprehensive control over the amount of profit received.

3. Correctly involved assets - a real opportunity to obtain economic benefits, provided rational use of the present potential.

Based on the foregoing, it can be concluded that the asset is the resources that the enterprise has and that are fully involved in the production of goods and services.