The choice of accounting measurement mode

Accounting measurement includes asset evaluation and income determination. Here we focus on the mode selection of asset appraisal. At present, the mainstream asset measurement mode in the world is historical cost/nominal currency. At the same time, with the change of social and economic environment, the object and environment of accounting measurement have also changed greatly. The emergence of new economic events such as currency fluctuation, asset price fluctuation, derivative financial instrument trading, etc., makes the measurement of historical cost no longer applicable, and the measurement of human resources and environmental resources expands the object of accounting measurement and impacts the traditional accounting measurement concept. In this case, the author believes that at present, we should choose a measurement model with multiple measurement attributes based on historical cost/nominal currency measurement. The reason for this is the following：

(1) China implements a socialist market economic system, with state-owned enterprises playing a dominant role. At present, the number of listed companies only accounts for a very small part of its total, and most state-owned shares cannot be listed and circulated. A large amount of capital of enterprises is still obtained directly, and the relationship between entrustment and entrustment is widespread. Therefore, the view of the school of fiduciary responsibility should be generally applied, and the historical cost measurement attribute should be the main one.

(2) When discussing the quality characteristics of accounting information, the Financial Accounting Standards Committee summed up two basic quality characteristics, namely, relevance and reliability, in which reliability is a realistic restriction imposed on accounting measurement, and reliability generally consists of three elements: objectivity, neutrality and verifiability. Especially in China's economic system with state-owned enterprises as the main body, accounting information is an important factor related to social stability, so the quality of accounting information has attracted much attention. Among the five accounting measurement models, historical cost is the most objective and easily obtained information.

(3) In addition to the above factors, the measurement model must also meet the requirements of operability when implemented. At present, China's accounting professional development level and the quality of accounting personnel are not high, accounting operation methods are not perfect, it is difficult to adopt a new measurement model, which increases the workload, which obviously does not conform to the principle of cost-effectiveness.

(d) In some special cases, we need to use other measurement attributes as supplements and improvements. For example, for human resources, intangible assets are measured at discounted future cash flows, for derivative financial instruments, at fair value, and for fixed assets such as machinery and equipment, houses and buildings, at current cost.