What Is Accounting Measurement Attribute?

According to the 2006 edition of the enterprise accounting standards, the accounting measurement attributes are mainly

1, historical cost

Assets in accordance with the amount of cash or cash equivalents paid at the time of purchase, or in accordance with

2, replacement cost

Assets are calculated according to the amount of cash or cash equivalents required to purchase the same or similar assets.

Liabilities are calculated according to the amount of cash or cash equivalents required to pay the debt.

3. Net realizable value

Assets are deducted from the amount of cash or cash equivalents that they can receive from their normal external sales, and the amount of the assets estimated to be completed at the time of completion, the estimated sales cost and the amount of the relevant taxes and fees will be deducted.

4, present value

Assets are calculated according to the expected discounted amount of future net cash inflows generated from their continued use and final disposal.

Liabilities are calculated according to the discounted amount of future net cash outflows that are required to be repaid within the estimated period.

5, fair value

Assets and liabilities are calculated according to the amount of assets exchanged or debts paid voluntarily by the parties who are familiar with the situation in a fair paction.

When accounting for accounting elements, enterprises should generally adopt historical cost, use replacement cost, net realizable value, restricted value and fair value measurement, and ensure that the amount of accounting elements determined can be obtained and reliably measured.