Why does a measurement approach to decision usefulness suggest more value relevant information in the financial statements proper, when efficient securities market theory implies that financial statement notes or other disclosure would be just as useful ...

The following reasons for a measurement approach are suggested It appears that historical costbased ...

Why does a measurement approach to decision usefulness suggest more value relevant information in the financial statements

Question:

Why does a measurement approach to decision usefulness suggest more value relevant information in the proper, when efficient securities market theory implies that financial statement notes or other disclosure would be just as useful?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...