2. Measurement If a transaction must be recognized, i.e. if it must be included in the financial statements, the next question that arises is: What is the correct value? Or: How do we measure this transaction?

In this context, initial and subsequent measurement can be distinguished: Initial measurement refers to the value at which the transaction is recognized the first time in the financial statements. Subsequent measurement refers to the value that is attached to the transaction at a later point in time, typically at the closing date.