One other broad issue is also contained in the government debate. It is partitioning versus consolidation, with partitioning referring to reporting by subentities or subunits and consolidation referring to reporting on an aggregate basis. A fourth accounting issue in building models or conceptual frameworks is how to value the items. This is a major issue in business but not so in government. Government relies heavily on historical cost.
Businesses often get into the market value of items.
Having said all this about models, some analysts feel that the impact of different models is exaggerated. These people feel that interested parties obtain information from many sources and will discount the information from a particular model if the model produces poor or inaccurate information.