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Two Views of Accounting Measurement

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  • George J. Staubus

Abstract

The two views to be addressed here are the Chambers/Sydney view that accepts only one measurement method—current net realizable price—and the Staubus/mainstream view that accepts several measurement methods in the same financial report. These two views became well‐established in the literature of accounting in the 1960s and their proponents have clung tenaciously to their oft‐criticized positions for some forty years. However commendable their original expositions may have been, their continuing existence does no credit to the small coterie of accountants now interested in theory. This article is aimed at ‘narrowing the areas of difference’ between adherents to the two views by isolating fundamental bases for them and exposing the reasoning supporting their structures. In a nutshell, they differ in their objectives and they can be expected to survive unless their adherents agree on the objectives of financial reporting.

Suggested Citation

  • George J. Staubus, 2004. "Two Views of Accounting Measurement," Abacus, Accounting Foundation, University of Sydney, vol. 40(3), pages 265-279, October.
    • Handle: RePEc:bla:abacus:v:40:y:2004:i:3:p:265-279
    DOI: 10.1111/j.1467-6281.2004.00159.x
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    Cited by:

    1. Dhyaa Abdulrazaq Abduljabar Al-Laban* & Abbas Naser Saadoon Almshabbk & Wissam Abdulkadhum Abdulridha, 2018. "The Role of Dividend Payout in the Determination of the Relationship Between Earnings Before Interest and Tax Cash Flow From Operations, Capital Expenditures and Firm Sustainable Cash Flows: A Case O," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 382-390:5.
    2. Raar, Jean, 2008. "A basic user utility preference to reduce uncertainty: A dissent to reporting and asset measurement," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(5), pages 785-804.
    3. Davern, Michael J. & Wilkin, Carla L., 2010. "Towards an integrated view of IT value measurement," International Journal of Accounting Information Systems, Elsevier, vol. 11(1), pages 42-60.

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