Management Q "The stable-measuring-unit assumption is one of the five assumptions described by the Project Advisory Committee of the American Institute of Certified Public Accountants as 'imperatives', it is by no means generally accepted by accountants. Indeed it relates to the most controversial aspect of accounting theory and practice yet encountered" Fitzgerald, A., 1963, Analysis and Interpretation of Financial Statements, 3rd. Ed., Butterworths, p. 14. The AASB / IASB continues to struggle with the use of multiple measures in accounting standards. In relation to Fitzgerald's comment over 50 years ago undertake the following: Select TELSTRA Telecommunication company from the Australian Securities Exchange website and download the 2015 annual report. 1. With reference to the above statement describe what you understand the measurement problem to be and provide examples from your selected annual report. 2. Discuss the problems of measurement in the context of the present AASB / IASB standards and framework using your selected annual report to provide examples. 3. Evaluate the measurement problem in your selected annual report in the context of AASB / IASB standards and framework. 4. Comment on the relationship between the measurements employed in your selected annual report and the provision of decision useful information; provide examples.