Under the asset refers to all objects owned by the company.Their records are maintained in the accounts of an asset in the debit column.Therefore, the total value of the assets of the enterprise should be judged by debit active accounts.
assets are material, financial and intangible.There is a classification with respect to the production process.It distinguish current and non-current assets, depending on their participation in the production process.
Current assets - a property which is involved in the production process only once, resulting in the value of these assets is fully included in the cost of goods manufactured.These include materials, finished goods, work performed or goods sold but not yet paid, cash, etc.
If the assets of the company is involved in several production cycles, it belongs to the non-current assets.Their value is allocated to the cost of production parts and is called depreciation.Non-current assets include the following categories: fixed assets on the balance and intangible assets.Fixed assets included in non-current assets include objects that are used more than one year or have a high cost - higher than the 30 basic units.Intangible assets include the value of the licenses, the licensed programs that are used in the enterprise, permits and other non-current assets.
Changes in non-current assets provide a complete characterization of the enterprise as a whole.If the analysis shows that the non-current assets include a category of objects related to fixed assets, which tend to increase in value, it indicates that the expansion of the main production enterprises.With an increase in intangible assets are investing in new technologies and innovation enterprises.
Such swings proportion of certain types of non-current assets shows the strategy of the company as a whole.All material investments in non-current assets are due to the purchase and acquisition of long-term use (more than one year).Investments in non-current assets include: investments in property, which refers to the fixed assets of the enterprise, investments in assets related to the intangible, investment in research and development.
current assets carried in the balance sheet with a number of accounts.With their help, carried out monitoring the presence and movement of fixed assets.This type of account to the account of objects that relate to fixed assets, intangible assets of destination equipment to be installed, etc.In addition, all non-current assets amortization, which is also displayed on the special accounts of the balance sheet.These include accounts for depreciation and the remaining non-current assets.Each main account has sub-accounts designed to account for each category of non-current assets.
Thus, the account of all assets of the company, which non-current assets include.There is a score to account for investments in assets related to non-current.It is used to control the invested funds until the capture of an object on the balance.Investments made in fixed assets are shown on the balance sheet account 08.For each facility, the acquiree, create a sub-account.On its balance sheet accounted for costs associated with the acquisition and written off amount received after the capture of an object on the account.
Each company must keep records of all the objects that are non-current assets include.For this purpose, the main account is required to account for their presence and movement in general and the sub-account to account for each individual object of fixed assets.
