An intangible asset is one that, as its name specifies, is not tangible, that is, it cannot be physically perceived. It is immaterial in nature, as would be the value of a clothing brand, since it cannot be measured physically and there is only an estimate. In the accounting area, this asset may have the ability to even generate future economic benefits and can be controlled by its main economic entity.

These bonds are characterized by not having a physical substance capable of economic valuation. In the decade of the seventies, these critical approaches to business issues on accounting which was being used since ancient times managed to awaken through information, globalization and new organizational and public links achieved a new management as marketing is concerned. Taking into account that accounting is based on the control of asset movements of an entity that generates value, an asset is organized that plays the role of a resource controlled by said entity in which it may or may not obtain tangible or intangible benefits.

In this case, the term intangible is used in order to give restricted meaning to assets that produce benefits equal to fixed assets or income and that cannot materialize physically. This concept was carried out in order to incorporate economic balances of the assets of an organization to intangible assets, as is the case of the aforementioned, brand value, the knowledge that is developed in that organization, structure of employees, clients or business growth.

Intangible assets can be classified in different ways according to their rank and condition, some of them depend on the possibility, incorporation, sales and accounting possibilities, which are:

Possibility of having your own identity: