UK Accounting Glossary
Without shape or form, cannot be touched.
Incapable of being perceived by the senses; incorporeal
That which cannot be assessed, felt, measured, or moved because it has no physical substance.
You will be taxed on the proceeds of the sale, whether tangible or intangible.
There are many intangible benefits beyond just a increase in the share price.
When performing a cost-benefit analysis: you should identify intangible and tangible benefits and costs before putting in the required resources.
The benefits were intangible.
The issue lies with how intangible assets are defined and valued.
not tangible; incapable of being perceived by the sense of touch, as incorporeal or immaterial things; impalpable.
An intangible cost is an un-quantifiable cost relating to an identifiable source. Intangible costs represent a variety of expenses such as losses in productivity, customer goodwill, a decrease in employee morale, loss of brand value or damages to a corporations reputation.
Intangible goals are everywhere. When it comes to strategic goals, or operational or team goals that cascade from a corporate strategy, making them measurable can be hard.
An intangible asset is an asset that is not physical in nature. Brand Recognition, Goodwill and forms of intellectual property, such as trademarks, copyrights or patents, are all considered types of intangible assets.
Tangible benefits are those measured in monetary terms and intangible benefits cannot be measured in monetary terms but they do have a very significant business impact.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Intangible are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.