day 3 measurement 2009 spring v2

day 3 measurement 2009 spring v2 - forAccounting...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Principles of Measurement  for Accounting Dr. James Gong
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agenda n What’s measurement? n Levels of measurement n Processes of measurement n Group exercise: How to measure innovation? n Phenomena and attributes in accounting n How to evaluate the measures? n Review of qualitative characteristics of useful  information n Group exercise: Evaluate the innovation measures n Perspectives of accounting measurement
Background image of page 2
Define “Measurement” n Measurement is the  assignment  of  numerals  to represent the  magnitude  of  an  attribute  of a  phenomenon .
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Analyze definition n Measurement is the assignment of  numerals to represent the magnitude of  an attribute of a  phenomenon . n Phenomenon :  A thing or event of  interest n e.g., a table, a football team, an asset, a  firm. 
Background image of page 4
Analyze definition n Measurement is the assignment of numerals  to represent the magnitude of an  attribute  of a  phenomenon. n Attribute :  A property or a characteristic or  quality of the phenomenon to be measured n E.g., length of a table, historical cost of a building,  market value of a house, performance of a firm in  a particular year
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Phenomenon and Attribute n Hierarchies of phenomena and attributes n Phenomenon: Starbucks, the firm; attribute: its corporate  governance n Phenomenon: corporate governance of Starbucks; attributes:  board of directors, shareholder rights in corporate bylaws n Phenomenon: board of directors of Starbucks; attributes: its  overall effectiveness, its audit committee, its governance  committee n Phenomenon: audit committee of Starbucks; attributes:  percentage of CPAs, percentage of independent directors. n Phenomenon and attribute are relative terms n It depends on your objective of measurement
Background image of page 6
n Measurement is the assignment of  numerals to represent the  magnitude  of  an attribute of a phenomenon. n
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/08/2011 for the course ACCY 301 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

Page1 / 25

day 3 measurement 2009 spring v2 - forAccounting...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online