A Reasearch On Accounting Measurement Theory

Accounting procedures include four elements: accounting recognition, accounting measurement , accounting recording and accounting reporting . Since accounting is the science relating to numbers . Accounting measurement plays a key role in the accounting . Accounting measurement also a means to serve the goal of accounting . So the level of accounting measurement is a good indicator of the level of accounting itself. And the progresses made in accounting measurement show the history of progresses of accounting.Since accounting measurement is so important , it is very useful to make a research on accounting measurement . This article tries to get a deep understanding on accounting measurement . At first the article discusses the definition of accounting, and the elements of accounting measurement .Later it show the two important issues of accounting measurement ---assets valuation and income determination .At last it shows the new development in accounting measurement---fair value and the valuation of financial instruments.