The AASB Has Examined a Number of Different Accounting Measurement

question 61

Multiple Choice

The AASB has examined a number of different accounting measurement systems that may be used in the future as alternatives to the historical cost system. Which of these is not one of those systems?

• A) General price level accounting
• B) Future value accounting
• C) Relative current value accounting
• D) Current value accounting

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Definitions:

Extinction

In psychology, the gradual weakening and eventual disappearance of a learned response, often occurring when the reinforcement previously associated with the behavior is removed.

Stimulus Generalization

A process in which a response to a specific stimulus becomes associated to other stimuli that are similar, leading to a similar response.

Spontaneous Recovery

The reappearance of a conditioned response after a pause or period of apparent extinction.

Principle of Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus, often observed in classical conditioning.