The Income/Outcome^® Contextuary

a visual glossary of corporate finance

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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

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Fixed Assets

Assets categorized as ‘permanent’ and not intended to be ‘turned over’ in the normal business cycle. Fixed Assets may be tangible items such as land, buildings, equipment and furniture with a useful business life of greater than one year; or they may be intangible items such as Goodwill and Intellectual Property property.

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Fixed Assets

The Income/Outcome^® Contextuary