"The accounting standard setters have adopted what we call a mixed measurement model when it comes to measurement in accounting. With a recent trend toward measurement of items at fair value, measurement has become very controversial. The political nature of accounting has been highlighted in recent events such as the global financial crisis." Rankin, M., Stanton, P., McGowan, S., Ferlauto, K. & Tilling, M., 2012, Contemporary Issues in Accounting, John Wiley & Sons Ltd., p. 91.The AASB / IASB continues to struggle with the concept of measurement. In relation to the comment above undertake the following: Select a company from the Australian Securities Exchange website and download the 2016 annual report. 1. With reference to the above statement describe what you understand by the differing concepts of measurement and provide examples from your selected annual report.