Basis of Measurement

D. R. Myddelton

Chapter 3 in Margins of Error in Accounting, 2009, pp 36-60 from Palgrave Macmillan

Abstract: Abstract The ‘historical cost’ (HC) approach, showing assets in the balance sheet at cost less amounts written off, has dominated commercial accounting for nearly two centuries. During that time the existence of a practical reliable system of accounting for business enterprise has contributed importantly to economic prosperity in many countries.

Keywords: Balance Sheet; Pension Fund; Stock Option; Future Cash Flow; Replacement Cost (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59501-9_3

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DOI: 10.1057/9780230595019_3

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