From unrequited love to sleeping with the enemy

This Accounting Cafe online seminar on 25 March 2022 explored the future relationship between universities and the professional accounting bodies. Our guests argued that to protect the future of accounting education a new social partnership is necessary between universities and the professional accounting bodies. A significant problem is the current accreditation system which constrains accounting… Continue reading From unrequited love to sleeping with the enemy

Measurement

Image by Inactive_account_ID_249 from Pixabay  Accounting students are understandably keen to put numbers next to everything. But often our students don’t understand why and how numbers are attached to words in financial statements.  IFRS uses the term ‘measurement’ (rather than ‘valuation’) to describe the process of quantifying resources and obligations. Measurement allows us to describe resources and obligations… Continue reading Measurement