Intangibles are harder to measure, harder to quantify, often
more difficult to manage, evaluate, and account for than tangible
assets. There is no common language for sharing information about
intangible sources of value, and the language used tends to be
descriptive rather than quantitative and concrete. Unseen Wealth
stresses the importance of developing standards for identifying,
measuring, and accounting for intangible assets, and recommends
actions to government and business for improving the quality and
quantity of available information about intangible investments. The
book articulates a three-pronged set of reforms to help companies
construct better business and reporting models, improve the quality
of financial reporting, and clarify intellectual property right
laws. Unseen Wealth was developed by the Brookings Task Force on
Intangibles, which includes business leaders, consultants,
accounting professionals, economists, intellectual property
lawyers, and policy analysts.
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