Measuring and Valuation of Asset: Accounting Theory Perspective

Ruswan Nurmadi, Sumardi Adiman, Iskandar Muda, Syafruddin Ginting

2018

Abstract

This article defines that measurement and valuation of the asset in accounting are important, that draw concern of the problems that related with measurement and valuation in practice. Firms usually use different methods techniques of measurement, financial and non-financial, and apply mixed valuation methods, which they consider the best for their firms. Considering many factors in measuring and valuation of assets will make the company obtain maximum benefits and reduce the risk of future use of these assets. A lot of literature reviews show that arguments made in accounting theory perspective and business perspective of how firms use decision-useful of their asset measurement and valuation. The terminological change from valuation to measurement increased attention to see what accounting could gain from the classical measurement theory. This measuring and valuation in accounting cause theoretical basis and contemporary dilemmas, by considering between bases non-basic-resources and resources, instrumental and economic values, between measurements and estimates and between measurement and allocation, with the main objective to make useful assessments of possible assets to achieve firms’ goals. Although firms will be considered a business valuation framework for asset measurement that will suit their interests, accounting theory perspective will be one of the bases of that decision making.

Paper Citation

in Harvard Style

Nurmadi R., Adiman S., Muda I. and Ginting S. (2018). Measuring and Valuation of Asset: Accounting Theory Perspective.In Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES, ISBN 978-989-758-432-9, pages 1208-1212. DOI: 10.5220/0009510912081212

in Bibtex Style

@conference{unicees18,
author={Ruswan Nurmadi and Sumardi Adiman and Iskandar Muda and Syafruddin Ginting},
title={Measuring and Valuation of Asset: Accounting Theory Perspective},
booktitle={Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,},
year={2018},
pages={1208-1212},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009510912081212},
isbn={978-989-758-432-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,
TI - Measuring and Valuation of Asset: Accounting Theory Perspective
SN - 978-989-758-432-9
AU - Nurmadi R.
AU - Adiman S.
AU - Muda I.
AU - Ginting S.
PY - 2018
SP - 1208
EP - 1212
DO - 10.5220/0009510912081212