Briefly describe the content and characteristics of intangible assets

The content of intangible assets refers to identifiable non-monetary assets that are owned or controlled by an enterprise and do not have a physical form. It is characterized by a high degree of uncertainty about the future economic benefits offered.

Intangible assets include social intangible assets and natural intangible assets

Among them, social intangible assets usually include patent rights, non-patented technologies, trademark rights, copyrights, concession rights, land use rights, etc.; Natural intangible assets include natural resources such as natural gas that do not have a physical physical form.

1) Patent right: refers to the exclusive rights granted by the national patent authority to the applicant for an invention-creation patent within the statutory time limit, including invention patent rights, utility model patent rights and design patent rights.

2) Non-patented technology: also known as proprietary technology, refers to various technologies and know-how that are not known to the outside world, should be used in production and business activities, do not enjoy legal protection, and can bring economic benefits.

5) Franchise: also known as business franchise and franchise, refers to the right of an enterprise to operate or sell a specific commodity in a certain region or the right of an enterprise to accept another enterprise to use its trademark, trade name, technical secrets, etc.

Intangible assets refer to non-monetary long-term assets held by enterprises for the purpose of producing goods, providing services, leasing to others, or for management purposes. Intangible assets are divided into identifiable intangible assets and non-identifiable intangible assets. Identifiable intangible assets include patent rights, non-patented technologies, trademark rights, copyrights, land use rights, concession rights, etc.; Non-identifiable intangible assets refer to goodwill.

The conditions for the recognition of intangible assets are: (1) the economic benefits generated by the assets are likely to flow into the enterprise; and (2) the cost of the asset can be reliably measured.

Characteristics of intangible assets: 1. There is no physical form, which reflects a kind of power or the ability to obtain excess profits, which has no physical form, but has value, or can enable the enterprise to obtain profitability higher than the general level of the same industry. Second, there is great uncertainty about the size of the future economic benefits that can be provided to enterprises.

The economic value of these intangible assets is largely influenced by external factors to the enterprise, and their expected profitability cannot be accurately determined. The cost of acquiring an intangible asset does not represent its economic value. Third, it is obtained by the enterprise for payment.

Only intangible assets that are spent on expenses can be recorded as intangible assets.

Intangible assets refer to non-monetary long-term assets that are not in physical form and are owned by the company for the purpose of producing goods, leasing them to others, or holding them for management purposes.

Intangible assets mainly have the following characteristics:

1.does not have a physical form;

2.will provide economic benefits to the enterprise over a longer period of time;

3.The purpose of business holding is to use and not to **;

4.There is a great deal of uncertainty in terms of creating economic benefits for businesses.

Intangible assets mainly include: patent rights, non-patented technologies, trademark rights, copyrights, land use rights, concession rights and goodwill.

Intangible assets refer to identifiable non-monetary assets owned or controlled by an enterprise that do not have a physical form. It is characterized by the ability to be separated or divided from the enterprise and used for **, transfer, licensing, leasing or exchanging, either alone or together with related contracts, assets or liabilities. Intangible assets mainly include patent rights, non-patented technologies, trademark rights, copyrights, land use rights, concession rights, etc.

Intangible assets, in the process of use and formation, have different characteristics from tangible assets:

On the one hand, intangible assets do not have a material form that people can feel with their senses, and they can only feel it conceptually. It is either presented as an image in people's minds, or in the form of a concession in the form of a category of social relations; On the other hand, it has no tangible wear and tear during use and no residual value at end-of-life.

Monopoly. The monopoly nature of intangible assets is manifested in the following aspects: some intangible assets are protected by the legal system, which prohibits non-holders from acquiring them without compensation; Illegal competition that excludes others. Such as Douwei patent rights, trademark rights, etc.

Although the exclusive right of some intangible assets is not protected by law, as long as the secret can be ensured not to be disclosed to the outside world, it can actually be exclusive, such as know-how, secret decision, etc.; There are also some intangible assets that cannot be separated from the enterprise as a whole, and cannot be obtained by others unless the property rights of the entire enterprise are transferred, such as business reputation.

Uncertain. On the one hand, the validity period of intangible assets is affected by technological progress and market changes, which is difficult to accurately determine. On the other hand, due to the unstable expiration date.

Shareability. It means that after the transfer of intangible assets for compensation, they can be jointly owned by several entities at the same time, and the fixed assets and current assets cannot be used in two or more enterprises at the same time, for example, the transferee of trademark rights can use them, and the transferor enterprise can also use them at the same time.

Efficiency. Intangible assets can give a business economic benefits that far outweigh its costs. The richer the intangible assets of an enterprise, the stronger its profitability, and conversely, if the intangible assets of the enterprise are short, the profitability of the enterprise will be weak, and the market competitiveness will be worse.

The concept and characteristics of intangible assets are briefly described as follows:

Intangible assets refer to identifiable non-inclined assets owned or controlled by an enterprise that do not have a physical form.

Its features include:

1) Be recognizable. That is, intangible assets can be separated or divided from the enterprise, and can be used separately for ** or transfer, etc., without the need to dispose of other assets in the same profit activity at the same time.

2) It does not have a physical form. Intangible assets are usually manifested as a certain kind of rights, a certain technology, or a certain comprehensive ability to obtain excess profits, but they do not have a physical form, cannot be seen, and cannot be touched.

3) Intangible assets are monetary assets.

Intangible assets are identifiable non-monetary assets that do not have a physical form.

Intangible assets are divided into broad and narrow senses, and intangible assets in the broad sense include financial assets, long-term equity investments, patent rights, trademark rights, etc., because they do not have a material entity, but are manifested as some legal rights or technologies. However, intangible assets are usually understood in a narrow sense in accounting, i.e., patent rights, trademark rights, etc. are referred to as intangible assets.

Intangible assets are usually measured at actual cost, that is, all the expenses incurred to acquire the intangible assets and make them achieve their intended use, as the cost of intangible assets. For intangible assets acquired by different **, the initial cost composition is also different.

The cost of self-developed intangible assets includes the total amount of expenditure incurred from the time the conditions for recognition of intangible assets are met to the time when the intended use is achieved, but no adjustment is made for expenses that have been expensed in previous periods.

Characteristics of intangible assets1. Intangible assets are illiquid and have a long validity period.

Generally speaking, intangible assets are combined with a specific business and belong to a certain enterprise or company in a fixed manner. If a business ceases to exist for any reason, its intangible assets disappear unless the business has transferred them** to another business before they cease to exist and become the intangible assets of another business.

2. Intangible assets have no material entity, but the future income is larger. In the absence of a physical entity, intangible assets are no different from accounts receivable and prepaid. But there is a difference.

Intangible assets are a kind of economic resources formed by accumulating various knowledge and technical experience to a certain extent; For such economic resources, it belongs to the rights granted by law or contract, and some resources, such as know-how, formulas and formulas. Different from the category of current assets, current assets belong to the assets that have no material entity, but can form a capitalized value of profitability beyond the general industry and are acquired for compensation.

3. Intangible assets alone cannot obtain income, they must be attached to tangible assets. Intangible assets are combined with tangible assets to create income.