Sometimes the two issues simply areinseparable. For example, a particular change in an asset or liability is recognized because a measurement provided information. A particular measurement technique is selected because of the event that triggered recognition . Most important, human nature looks ahead to test views against their consequences. EventX and its economic consequences have not changed, but the views about accounting recognition are influenced by how those consequences will be measured .
Context is important .
The type of cash flows, usually expressed in terms of the difficulty in estimation. Some seemed to suggest that operating cash flows, like salary costs, are qualitatively different from financial cash flows, like loan payments, and that the difference goes beyond difficulties in making estimates. The type of event prompting recognition. Risk is important, and little understood. Comment letters on adjustments to reflect risk revealed a wide variety of perceptions about risk, what it means in a measurement based on future cash flows, and how, or whether, it is captured in a particular measurement.