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What is Measurement Approach in Accounting about?

The document discusses the measurement approach to accounting and decision usefulness. It argues that greater use of current values in financial statements can increase their relevance and improve investor decision making by better reflecting economic realities. However, this assumes markets are not fully efficient and some investors are not fully rational. Behavioral biases and limits to arbitrage can cause mispricing of securities. Evidence suggests investors do not fully understand concepts like earnings

Author

Xinwei Guo

Language

EN