| Abstract: | The nature of accounting dictates that it be concerned with the process of measurement. However, only in recent decades has debate about the concept of measurement appeared in accounting literature. This article identifies problem areas and pitfalls that need to be addressed, and contributes to the debate about measurement. It examines the importance of measurement to accounting, definitions of the term and what measurement involves. This leads to the consideration of statements and inferences that can be made about the outputs of the measurement process, and to proposed guidelines for the development and assessment of a conceptual framework document. |
