Accounting Measurement

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Accounting Measurement

A unit of accounting. Very often, an accounting measurement is a unit of money. For example, if a company records its sales for a month as $25,000, its accounting measurement is U.S. dollars. However, an accounting measurement may also be a non-monetary unit, such as hours worked or jobs created.
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The billions of dollars spent on accounting systems may suggest that policy makers consider high quality accounting measurements to be a pre-requisite to effective cost management.
A recent statement by the GNAIE, the group of North American Insurance Enterprises, to the FASB, set squarely part of the blame for the worldwide credit crisis to fair value accounting measurements.
In the acquisition method, the fair value of the acquiree as a whole is determined and forms a basis for subsequent accounting measurements.
7: Using Cash Flow Information and Present Value in Accounting Measurements," James R.
As a practical matter, an entity that uses cash flows in accounting measurements often has little or no information about some or all of the assumptions that marketplace participants would use in assessing the fair value of an asset or a liability.
Canning's Economics of Accountancy [1929], which was his dissertation at the University of Chicago, emphasized the lack of logic in accounting measurements in practice and the logic in present value measurements.
Historically, accounting measurements used in business decisions were dictated, in part, by the information technology available to generate them.
7, Using Cash Flow Information and Present Value in Accounting Measurements, fair value is the objective for initial measurements that are developed using present value techniques.
and Canada, accounting measurements primarily follow historical cost accounting; only in limited circumstances (3) can the accrual concept be extended and depart from strict transaction cost measurements.
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