Istorical cost accounting is meaningless in today s complex business environment

 Historical cost accounting is meaningless in today s complex business environment .

Evaluate the above statement.
In addition, briefly describe the alternatives of current purchasing power accounting, net present value accountingAnd fair values accounting, and evaluate their usefulness to users of company financial statements as alternatives to historic cost accounting.
Briefly comment on the extent to which each accounting model mentioned above is incorporated into current financial reporting practice.

Essay Guidance:

” This is a Master s level course. Your response to this title should be written in an appropriate academic style and should make explicit reference to ideas, views, research and examples expressed in the academic literature. Such referencing is essential to support your opinions and assertions, and is a fundamental part of the assignment.

” Do not plagiarise. You must acknowledge the source of all ideas, facts, quotations and other material using the Harvard system of referencing. This is a fundamental part of the assignment.


” This is an essay and should be written in an essay style i.e. there should be no subheadings.

” Length: no more than 2,000 words (excluding the concluding reference list).
and finally i need the anti plagirism report with final work.many Thanks
” Do not plagiarise. You must acknowledge the source of all ideas, facts, quotations and other material using the Harvard system of referencing. This is a fundamental part of the assignment.