A study on the proposed approach to accounting for intangible assets

Tangible assets are a type of fixed assets, also known as operational assets. These assets include things that have a tangible appearance. That is, a major difference between tangible and intangible fixed assets is that tangible fixed assets can be seen and touched. For tangible assets, examples include land and real estate, equipment and machinery, raw materials and manufactured goods, and inventory. Of course, accountants who do industrial accounting and warehouse accounting must be familiar with this type of asset. Intangible assets include all assets that cannot be seen or touched. Not having a physical nature is the most important characteristic of an intangible asset. Things like trademarks, brand values, royalties, licenses, business licenses, copyrights, and goodwill are classified as intangible assets. Even digital currency assets should be considered intangible for businesses that use these currencies for commercial transactions. When categorizing intangible assets, we must note that although these assets are non-physical, they should still be considered depreciable. When recording these assets in the balance sheet, there should be a specific section for them. On the other hand, material and spiritual ownership of intangible assets can be limited. In addition, the degree of success and failure of the business should also be considered in the valuation of intangible assets. The cost of creating, maintaining, renewing, revitalizing and registering intangible assets must be calculated at the time of occurrence and cannot be determined in advance. In recent years, the share of intangible assets in the market value of companies has increased sharply and paying attention to its consequences has become very important. The wave of companies moving towards investing in intangible assets and forming, encouraging and wanting to create knowledge-based and technology-oriented companies is a sign of changing business models, strategies and moving towards a developed economy. However, accounting standards related to intangible assets seem to have been left behind by this movement and neglected; And it stubbornly resists change to align with economic changes. In this research, the accounting of intangible assets is mentioned and the accounting and financial reporting related to the current intangible assets is introduced as the main culprit. Finally, with the mentioned examination and pathology in this regard, suggestions have been made in order to improve the current situation of financial reporting of intangible assets.

کلیدواژه ها:

Intangibles ، conceptual framework and asset accounting ، intangible assets