Question

1.)What are the types of intangible assets?

2.) How are intangible assets used?

3.) What are the various types of intangible asset valuations?

4.) What qualifications are required in order to become a valuation analyst? Also, how is the job market for it? Are there any job openings for it? And what is the salary? Anything else?

Answer 1

The assest which doesn't have a physical appearance is known as intangible asset. The types of intangible assets are goodwill, patent, copyright, trade mark,brand equity etc.

There are many ways to use intangible assets. For example goodwill which is a intangible asset can be used to increase sales. Also, some of the intangible assets are intellectual property made by an individual like trade mark or copyright which can be sold.

There are three approaches to value intangible assets which include maket approach,income approach and cost approach.

A basic graduation in finance and accounting is required to become a valuation analyst and MBA is add on. The market situation for the role of valuation analyst is quite good compare to other job role. Many company like EY, Deutsche Bank, Amazon hire valuation analyst with the average package of $75000- $80000. It varies company to company and also experience matter.

I hope it helps.