See capital asset for intangibles issues that arise in accounting, including a more detailed sports example. Capital asset has two related meanings in the fields of accounting and financial economics Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers,
See capital (economics) for issues that arise in economics, including a more detailed breakdown of types of assets. In Economics, capital or capital Goods or real capital refers to items of extensive value Economics is the social science that studies the production distribution, and consumption of goods and services.
Intangibles are generally regarded as pertaining to:
- Customer good will, employee morale, increased bureaucracy, and aesthetic appeal (i. e. negative reaction to a billboard).
- A colloquial expression for qualities in an individual or group of individuals, especially those organized in an official group (e. g. a sports team or office) which affect performance but are not readily observable. Sport is an Activity that is governed by a set of rules or Customs and often engaged in competitively An office is generally a room or other area in which people work, but may also denote a position within an Organization with specific duties attached They are often cited as a reason for performance which is surprisingly better or worse than expected.
- An expenditure of time on an activity by a person (such as leveraging know-how, knowledge, collaboration, relationships, systems, and process)
- A defensible legal property right conferred by a Legal Act (copyright, trademarks, patents, designs, customer lists), or financial transactions (R&D, goodwill, intellectual capital)
Intangibles also have different meaning depending on the context:
- In business, intangibles are commonly referred to as intangible assets or intellectual capital. Intangible assets are defined as identifiable non-monetary Assets that cannot be seen touched or physically measured which are created through time and/or effort and that are Intellectual Capital was a pioneer Webzine opinion and discussion forum begun in 1996 by Pete duPont
- In law, legally created intangibles are referred to as intellectual property and include trademarks, patents, customer lists, and copyright. Intellectual property ( IP) is a legal field that refers to creations of the mind such as musical literary and artistic works inventions and symbols names A trademark or trade mark, represented by the symbols ™ and ®, or mark is a distinctive sign or indicator used by an individual A patent is a set of Exclusive rights granted by a State to an inventor or his assignee for a fixed period of time in exchange for a disclosure of an Copyright is a legal concept enacted by Governments, giving the creator of an original work of authorship Exclusive rights to control its distribution usually for
- In sports, intangibles typically refer to the value driver that differentiates one team's performance from another.
- In government, intangibles typically refer to social capital and standard of living
- In arts, intangibles commonly refer to the artists unique embodiment of substance and form. Social capital is a concept in business economics, Organizational behaviour, Political science, Public health, Sociology and natural The standard of living refers to the quality and quantity of goods and services available to people and the way these goods and services are distributed within a population
- In financial analysis, intangibles refer to the difference between the book value per share and the share price, or the firm's accounting value and its publicly traded market value (established through the Stock Market, or through mergers, acquisitions, etc).
- In mathematics, intangibles are objects that can be proven to exist (usually, but not always, using the axiom of choice), but cannot be explicitly constructed. Mathematics is the body of Knowledge and Academic discipline that studies such concepts as Quantity, Structure, Space and In Mathematics, the axiom of choice, or AC, is an Axiom of Set theory. An example would be a Lebesgue-unmeasurable subset of the real numbers. In Mathematics, the Lebesgue measure, named after Henri Lebesgue, is the standard way of assigning a Length, Area or Volume to In Mathematics, the real numbers may be described informally in several different ways
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