logo share us

Intangible Asset

   

Definition: an Intangible Asset is a non-physical asset. Also briefly called an 'intangible'.
In accounting, like fixed assets, intangibles are considered non-current assets, because they are not expected to be converted to cash, consumed, or sold within 12 months of the balance sheet date, or the company's normal operating cycle.
Common examples of intangible assets include brands, reputation, copyrights, patents, trademarks, trade secrets, know-how, goodwill.
In the knowledge economy, the importance of intangibles has grown tremendously.
The status of IAs in a firm can be tracked using Edvinsson's Skandia Navigator or Sveiby's Intangible Assets Monitor.


   
   
💡

Learn more about Intangible Assets.



More on intangible assets: Business Simulation, Copyright, Goodwill, Human Capital, Innovation Capital, more on intangible assets...


MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program.

We keep it short and provide links to high-quality websites where you can learn more about your topic.


add us to your desktop

Add MBA Brief to your desktop / iPad

   

© 2024 MBA Brief - Last updated: 6-11-2024  -  Privacy   |   Terms