Measurement: Difference between revisions
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For example, the depreciated historical cost of a tangible fixed asset. | For example, the depreciated historical cost of a tangible fixed asset. | ||
Measurement may include valuation or revaluation, but measurement is broader concept. | Measurement may include valuation or revaluation, but measurement is a broader concept. | ||
Revision as of 14:46, 29 October 2020
1. Financial reporting - assets and liabilities.
In financial reporting, measurement is a process to determine the amounts at which assets and liabilities are incorporated into a balance sheet.
For example, the depreciated historical cost of a tangible fixed asset.
Measurement may include valuation or revaluation, but measurement is a broader concept.
2.
More generally, any process leading to a quantified evaluation.
