Financial Statements
Intangible Assets
Definition
What is Intangible Assets?
Non-physical resources such as patents, licences, brands, and software.
Example in practice
How This Looks in Practice
An acquired customer relationship is recorded as an intangible assetA non-physical asset that can create economic value..
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.