Historic cost-alternative measurement base

Reference no: EM13114235

Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it.

Consider the following:

Critically discuss the role and relevance of financial accounting information to the principal stakeholders in the business.

Appraise the limitation of financial accounting as a system of reporting business performance

Communicate financial information and concept.

Some description and explanation is needed but you need to develop arguments and discussion.

You are expected to take a critical perspective, for example recognize the limitations of certain measurement bases.

Referred to: Information for Better Markets: Measurement in Financial Reporting (Institute of Chartered Accountants in England and Wales) icaew.com/bettermarkets

Reference no: EM13114235

Questions Cloud

Identify the genetic architecture that controls body stature : You will need polymorphic markers dispersed throughout the genome. How will you generate such a collection of polymorphic molecular markers?

Which approach do you think would result in more useful : How do the provisions of SFAS No. 123(R) differ from the bill introduced by members of Congress (Dreier and Eshoo), which would require expensing for options issued to only the top five officers in a company? Which approach do you think would res..

What is being done in your area relative to recycling : Present two factors contributing to the solid waste problem in the U.S. How could these factors be changed or controlled for the better? What problems are there with current recycling efforts? What is being done in your area relative to recycling?

What kind of stimulus is necessary for a synaptic tag : Describe synaptic tagging and capture in LTP. What kind of stimulus is necessary for new protein synthesis to occur? What kind of stimulus is necessary for a synaptic tag?

Historic cost-alternative measurement base : Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it.

How do motor neurons find their proper connections : How do motor neurons find their proper connections during regrowth after injury? Name two signals(or cells) that help them find their old projections/connections.

Find value of the standard error of the sample mean : A random sample of n=9 men between 30-39 years old is asked to do as many sit ups as they can in one minute. The mean number is x=26.2 and the standard deviation is s=6. Find a 95% confidence interval for the population mean.

Annual dividends-total dividends and common stock : Calculate the amount that would be received by an investor who has owned 170 shares of preferred stock and 260 shares of common stock since 2011 if a $0.35 per share dividend on the common stock is paid at the end of 2014.

Find the momentum of a charge : find the momentum of a charge (3.2e-19) that moves perpendicular to a uniform magnetic field B of magnitude 0.20T and has radius of curvature of 4.0cm. Momentum=mv

User Account

All Pages