Asset-based recognition criteria: a comprehensive view

Abstract

Purpose This paper aims to present a comprehensive view of the assets recognition criteria by providing a coherent set of pre-measurement themes that should be taken into consideration to be a candidate asset. Design/methodology/approach This paper is a conceptual review paper. Findings This synthesis review results in seven themes; the social constructionist nature of the conceptual framework (CF), the nature of assets, the changing nature of asset recognition, asset measurement bases, entity-specific vs market-specific recognition, the economic resource comprising “rights”, and finally, the role of “separability” in asset recognition. Originality/value With the increasing importance of internally created assets and their implications on the financial position of the business entity, and with coinciding of revisiting the CF for financial reporting (at the time of writing this paper), this paper shows a synthesis and comprehensive themes of asset-based recognition criteria for tangible and intangibles assets.

Critical Reflection on The Criteria for The Recognition of Intellectual Capital in SMEs

“…Criteria confession an item in report finance include definition, measurability, relevance, and reliability. According to [28] in determining the definition of something assets, are supported by explanation or " characteristics qualitative ", but no there is an emphasis on legalistic, confession-based transactions or reliability measurement-based transactions. On the other hand, what can see is affirmation assertive from attitude useful decision economy and determination base confession assets, no restricted by limitations notes cost based open transaction Street going to use score fair at the start.…”