What is accounting measurement, accounting measurement attributes include what

Accounting measurement is the process of determining the amount of an accounting element that meets the conditions for recognition in order to record it in the accounts and report it in the financial statements. Accounting measurement attributes can also be referred to as the basis of measurement, refers to the economic attributes of the measurement used, that is, according to what standards, from what point of view to measure, from different accounting perspectives to reflect the amount of accounting elements of the recognition of the basis. Accounting measurement attributes are: historical cost, replacement cost, net realizable value, present value, fair value.

The details are as follows:

1. Historical cost refers to the actual cash or cash equivalents paid for the acquisition or manufacture of a property or material.　

2. Replacement cost, the amount of cash or cash equivalent that would be paid to re-acquire the same asset under current market conditions.　

3. Net realizable value, the net value of an asset in the course of production and operation at the estimated selling price less the cost of further processing and the estimated taxes and expenses necessary to make the sale.　

4, present value, the value of future cash flows discounted at an appropriate discount rate.

5. Fair value, the price that a market participant would receive to sell an asset or pay to transfer a liability in an orderly transaction occurring on the measurement date.

:Accounting is a Chinese word. Accounting has two meanings, one refers to accounting work, the other refers to accounting staff, accounting work is based on the "Accounting Law" "Budget Law" "Statistics Law" and a variety of tax laws and regulations as the legal basis for checking the bookkeeping vouchers, financial books, financial statements, engaged in the process of economic accounting and supervision, is the use of money as the main unit of measurement, the use of specialized methods, accounting and supervision of the economic activities of a unit of a kind of economic Management work; accounting staff is to carry out accounting work, accounting supervisor, accounting supervision and accounting, property management, cashier and other personnel. Our country from the Zhou Dynasty has a specialized accounting official position, in charge of tax revenue, money and silver expenditures and other financial work, for the month, the year will be counted. That is, the monthly sporadic inventory for the count, a year of total inventory for the meeting, the two together into accounting.