Non monetary assets

Non-monetary assets are assets held by an entity and for which it is not possible to determine precisely a value expressed in, say, dollars. They are assets the value of which may fluctuate and that change substantially over time.

Equally we may distinguish these from monetary assets because the non-monetary assets are not readily or easily convertible into cash or cash equivalents.

Monetary assets (a category that includes cash on hand, bank deposits, investment accounts and accounts receivable) can all be readily converted into a fixed or precise determinable amount of money.

Typical non-monetary assets of an entity include both intangible assets such as copyrights, design patents and goodwill, and tangible assets such as property, plant and equipment assets and inventory.

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