会計の英単語、整理

Intangible Asset ; not phtsical in nature

• Goodwill, Brand recognition, Mailing list of clients
• Intellectual Property；知的所有権, such as patentes, trademaeks, and copyrights

①Indefinite ; 耐用年数が定まっていない（not amortized)

• brand name

②Definite (be amortized)

• legal agreement to operate under another company's patent

※ Intangible asset doesn't appear on balance sheet. Only if they have aquired, it appears. For example, company A purcheses a patent, then A would record a transaction under long-term assets. It would written off over a number of years via amortization.

Tangible Asset 

• land, vehicles, equipment, and inventory
• financial assets ; stocks and bonds

write off ; 削除、控除、減価償却

along the way of ; ~に至るまで

agreed-upon ; 合意済みの

amortization ; 償却

impairment ; 減損

carrying value ; 帳簿価格

fair value ; 妥当な評価額

Fixed Asset ; a long-term tangibles, not expected to be convert into cash within 1 year

• PP&E(property, plant and equipment)
• capital assets

Assets

①Current assets

• liquid assets
• inventory, 

②Noncurrent assets

• not easily converted into cash
• property, fixed assets, intangible assets, long-term investments, deferred charges