intangible assets

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Intangible Asset

In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation. However, not including them may not express the company's true value. See also: Tangible assets.

intangible assets

nonphysical assets such as GOODWILL, PATENTS and TRADEMARKS which have a money value. Compare TANGIBLE ASSETS.

References in periodicals archive ?

Intangible assets related to customer: represent the knowledge of customers or suppliers, called property based on contracts; this category includes supply contracts, advertising, licensing agreements but also customer contracts.

THEORETICAL AND METHODOLOGICAL CONSIDERATIONS REGARDING THE EVALUATION OF INTANGIBLE ASSETS

Even if this type of estimation implies errors, it is an indicator which determines satisfactorily the market value of the intangible assets.

The impact of intangible assets on companies in emerging markets

The ASC Master Glossary simply defines intangible assets as assets (other than goodwill) that lack physical substance, whereas assets are defined as probable future economic benefits obtained as a result of past transactions (Concept Statement 6).

The tangle of intangible assets and business combinations: related standards: past, present, and future

As defined by the International Accounting Standards (IAS), "An intangible asset is an identifiable non-monetary asset without physical substance.

Risky business: Name lending vs lending against intangible assets

Whether your enterprise is public, private or non-profit, much of its value consists of intangible assets.

Intangible gold

A set of private equity firms also exists that targets investments in companies with a critical focus on IP and intangible assets.

Innovative financing for innovation: For innovative companies to have adequate access to capital, accounting and lending standards must be updated to accurately assess the value of intangible assets such as intellectual property and other forms of know-how

The conditions of knowledge-based economy have led to increase of attention to intangible assets (e.

The role of intangible assets in value creation: case of Russian companies

GE owns thousands of patents, but just because its market value drooped over the last year doesn't mean its intangible assets have slipped to the same degree--or at all.

The importance of valuing the intangible: determining credible values can help with planning strategies

We have to be able to legally protect intangible assets.

Chapter 1: understanding intangible assets

In response to the recent market turmoil, further regulatory regimens and additional investor interest in the intangible assets, their corporate stewardship, and their value should be reasonably expected.

Hunting for goodwill ranking: to avoid D&O and other claims, insurance companies and others need to learn to manage the intangibles

This method makes the rather simple assumption that similar firms will have the same relative level of intangible assets.

Management accounting--financial strategy: many students find intangible assets hard to handle, William Parrott explains three methods of calculating the total value of a firm's intangibles