The main subject of the paper is the theory of accounting measurement as observed in its historical development. More notably, the research concerns theoretical concepts of such discipline, as developed by the Italian doctrine in a very specific age, that is, between the second half of the...

Some current research concludes that the numbers in financial statement are not relevant for three basic reasons. The numbers: are not isomorphic with capital market values; do not have a future orientation; and are un-interpretable since they are based upon five different measurement...