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.
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2022 MBA Brief - Last updated: 28-5-2022 - Privacy | Terms