measurement base in order to make financial statement more useful.
Critically discuss this statement, concluding with whether
or not you agree with it.
Consider the following:
Critically discuss the role and relevance of financial
accounting information to the principal stakeholders in the business.
Appraise the limitation of financial accounting as a system
of reporting business performance
Communicate financial information and concept.
Some description and explanation is needed but you need to
develop arguments and discussion.
You are expected to take a critical perspective, for example
recognize the limitations of certain measurement bases.
Referred to: Information for Better Markets: Measurement in
Financial Reporting (Institute of Chartered Accountants in England and Wales)
icaew.com/bettermarkets
