Judul Chapter 14 : Assets and Measurement

INTI NYA (SORTA)

1/Historian - Historical cost - Income sheet/Revenue-expense - Nilai Input

2/Futurists - Current cost - Balance sheet/Asset-liabilities - Nilai output

CP 1
1/ What do accountants mean by the term 'attributes'?
2/ What do accountants mean by measurement?
3/ Why might future exchange prices be more relevant than past exchange prices?

CP 2
1/ Define in your own words the 3 main categories of input values
2/ What are the major advantages and disadvantages of historical cost accounting
3/ Compare prudent, standard, and original costs
4/ Compare net realizable value with replacement cost

CP 3
1/ Define in your own words the 3 main categories of output values
2/ What are the major advantages and disadvantages of output values over input
values?
3/ What difficulties does one encounter using net realizable values?
4/ Why are discounted future cash receipts not used more?

CP 4
1/ Define what is meant by the lower-of-cost-or-market rule?
2/ Provide two reasons why the rule is theoretically weak

CP 5
1/ Contrast matching and accretion. what implications, if any, does each have for
the valuation of asset?
2/ What is the difference in total income earned under the different approaches
to income measurement discussed in this section? How is that income recognized?

CP 6
1/ Contrast syntactic, semantic, and pragmatic objectives
2/ List two methods that have been suggested for improving matching in periods
of changing prices
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