Measurement focus is concerned with whatfinancial dealings and events will be accepted in the accounting records and reported in thefinancial statements. Anaccounting method that comprehend economic events despite of when cashtransactions happen. Generally the basis of accounting illustrates when thingsare measured (Luder K, 1992). The economic resources measurement concentrate reportson the income balances and flows …
Measurement current financial resources measurement focus, and fiduciaryRead More »