College 1: Georgiou Jack 2011:

Measurement is the process of quantifying, in monetary terms, information about an entity’s assets, liabilities, equity, income and expenses.

A measure is the result of measuring an asset, a liability, equity or an item of income or expense on a specified measurement basis.

A measurement basis is an identified feature of an item being measured (for example, historical cost, fair value or fulfilment value).

Applying a measurement basis to an asset or a liability creates a measure for that asset or liability and for any related income or expense.

using information derived from the transaction or event that created them

do not reflect changes in prices

do reflect changes such as the consumption or impairment

using information derived from the transaction or event that created them

do not reflect changes in prices

do reflect changes such as the consumption or impairment

using information that is updated to reflect conditions at the measurement date

current values capture any positive or negative changes

using information that is updated to reflect conditions at the measurement date

current values capture any positive or negative changes

in estimates of cash flows and other factors

value in use for assets and fulfilment value for iabilities

fair value

value in use for assets and fulfilment value for liabilities

significant downward adjustment of Recoverable Amount

downward adjustment of Recoverable Amount

Boekwaarde neemt naarmate de tijde verstrekt af doormiddel van afschrijving of impairment.

Fair value wordt gemuteerd gebaseerd op de marktprijs die geldig is op de balansdatum. Fair value kan dalen of stijgen.

Fair value is betrouwbaarder dan historische kostprijs