ECONOMIC MANAGEMENT: THEORY AND PRACTICE УДК 657.05:004.9 JEL: М29, М41, L86 1Ivan Franko National University of Lviv, Research ID : http://www.researcherid.com/rid/AAV-8217-2021 INFORMATION TECHNOLOGIES ASSETS: IDENTIFICATION, INTEGRATION AND REFLECTION IN ACCOUNTING IT assets have become important elements in all sectors of the economy, as they are able not only to support the functioning of the business, but also to increase operational efficiency and improve competitive advantages. Nowadays, they shape and transform business and even create new business realities. However, IT assets do not make sense without other corporate assets and do not create value by themselves. The IT system coordinates and ensures efficiency, combining assets in a unique way to create added value and net cash flow. Strategic investments change the position of firms in the market, supporting the entry into a new market or the development of new products, services or business processes. It is substantiated that investments in various IT assets are determined by firms' strategies and generate value in terms of performance parameters in accordance with their strategic goal. Keywords:information technologies; IT assets; investment; integration; high-tech assets; tangible components; intangible components; recognition; accounting.
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