FINANCIAL ACCOUNTING MEASUREMENT: INSTRUMENTATION AND CALIBRATION

Preprint OPEN
stanley c. w. salvary;
(2005)
  • Subject: Conceptual framework; transaction costs; organizational activity; measurement attribute; present value; realizable value; lower of cost and market value; organizational efficiency; bank-centric financial system;
    • jel: jel:G

In its Conceptual Framework (CF), the Financial Accounting Standards Board (FASB) has not identified the observable phenomena and was not able to identify a single measurement property in financial accounting. While identifying aspects of the observable phenomena in fin... View more
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