All articles in this category pertain to intangible assets. Intangible assets are nonphysical resources with long-term benefits to the company, such as software, patents, or customer lists. They can be either created by or acquired by a business.
US GAAP has specific rules about the recognition of intangible assets on financial statements. Important accounting standards related to intangible assets include ASC 350, GASB 51, GASB 96, and IAS 38.
Learn more about intangible assets below.