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　　简述外文文献 简述外文文献导读：,GE,$112billion,andMerck$110billion,tonamejustafeatesthatinvestmentinintangibleassetsfortheyear2000ay$1trillionorgreater(L.Nakamura,2001).Theconsequencesrelatedtothenon-reportingofintangiblesarenumerou 外文文献原稿和译文 原 稿 Abstract In today’s economy value is being created by intangible (inlectual) capital. The Federal Reserve Bank of Philadelphia estimates that in the year 2000 more than $1 trillion e of these intangibles ent of Position. This paper revieulgated accounting standards relating to intangibles. Presently, Generally Accepted Accounting Principles alloeasurement and reporting of intangibles. The objective of this revieprove the measurement and recognition of intangible capital. This ount of unrecorded intangibles, hoously. For example, knoates for Microsoft e just a feates that investment in intangible assets for the year 2000 ay $1 trillion or greater (L. Nakamura, 2001).The consequences related to the non-reporting of intangibles are numerous, and are ultimay related to the fact that financial reports of knoeet the criteria of either relevance or reliability. The Financial Accounting Standards Board (FASB) has not taken steps to alloost internally ge 1 nerated intangibles even though the technical feasibility of measuring intangibles has been ented and has noaintaining the value of goodents about the inability of current US Generally Accepted Accounting Principles(GAAP) to measure the activities of knoe the Securities Exchange mission (SEC), the International Accounting Standards Board (IASB), and—in the s emanating from the SEC relate to accounting procedures that fail to disclose, and might help to conceal massive fraud. The IASB is pressuring the FASB to bee increasingly flexible in an effort to harmonize the global economy. In contrast to GAAP, International Accounting Standards (IAS) emphasize conformance to principles, more than specific rules, ental criterion is that the statements fairly reflect the underlying econom