Discussion of “Decision-usefulness of ideal cost- and ideal value accounting for valuation and stewardship”

摘要

This discussion summarizes the paper by Hachmeister et al. (Z Betriebswirtschaft, 2012) and highlights several issues that are useful to put the results in perspective. I discuss the main result that ideal cost accounting is superior to ideal value accounting by questioning the fairness of a comparison of the two idealized accounting systems. I review the main assumptions and information requirements of the model, and I consider the potential contribution of the paper to the current standard setting debate about measurement bases in financial reporting.