Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Taking Measure of a Multitude of Measures

Scott Taub | January 29, 2013

For as long as I can remember, accountants have complained about the complexity of accounting standards. Congress has complained about it. Investors have complained about it. Regulators of all types have complained about it. They have complained in the past, and no doubt they will complain again in the future.

The “cost vs. fair value” dichotomy is often cited as a source of complexity, but if the “mixed-attribute model” that we're all so familiar with were limited to just two measurement attributes, things would be far simpler than they actually are. Sometimes, it seems that we have almost as many measurement attributes as there are things to measure.

I'm not going to attempt to catalog all of the measurements used in accounting, but let's stroll through the Accounting Standards Codification and I'll highlight some of the many models.


Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.