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:

Contingency Factors

Variables or conditions that influence the effectiveness of management strategies and affect organizational performance.

Organisational Design

The process of shaping an organization's structure, roles, and processes to effectively achieve its goals and adapt to environmental changes.

Technology

Technology encompasses the tools, systems, and processes that are created and used to solve problems or improve efficiency, ranging from simple implements to complex machinery and information systems.

Human Resources

The department within an organization tasked with managing employee-related functions like hiring, training, and benefits.