The paper analyses the problems of financial reporting disclosures by public companies, particularly in the context of the apparent contradiction between widespread claims of information overload on the one hand and continuing claims from users that they do not receive all the information they...

This paper reviews the principal candidates for bases of measurement in financial reporting - historical cost, value to the business (also known as deprival value or current cost), fair value, realisable value, and value in use - explains how they work, and discusses their advantages and...