Home  Journals  International Accounting  36(186) - 2011 September

Universal formula of measurement in accounting

Available online: 22 September 2011

Subject Heading: Account problems

JEL Classification: 

In spite of the fact that measurement plays a key role in modern accounting and financial statements preparation, it, nevertheless has not been properly settled in the Russian Federation - first of all, there is no clear legal definition of the notion «measurement». Insufficient theoretical readiness impedes unequivocal standard definition of the notion «measurement» in the accounting. Exact dogmatic definition of the measurement is capable to improve understanding of the notion and to become the precondition for its appropriate reflection in regulatory standards.

Keywords: measurement, accounting, financial statements, assets, liabilities, equity, income, expenses, cost, definition

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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