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Inflation Accounting in India - A Case Study of the Bharat Heavy Electricals Ltd

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  • Gupta Ramesh

Abstract

In the last decade, a considerable amount of research has been done justifying the need to introduce inflation accounting in reporting the financial results of a business unit. In this paper, I have reviewed the recent developments in inflation accounting and the role played by the accounting professional bodies in the U.K. and U.S.A. The role of our two accounting bodies in India has been one of dismay. In reporting Current Cost Accounts, Indian corporations have not been very forthcoming either. The BHEL is the only company which has been keeping up with the international developments. In this paper, a detailed study of the BHEL Current Cost Accounts (CCA) for the year 1976-77 has been made. Each major item of the CCA is analysed in depth, evaluated in the context of ED-18 provisions. The various related issues are deliberated upon providing an appropriate conceptual framework. The BHEL CCA has been presented according to the provisions of “An Interim Recommendation” which came into force much after the publication of its 1976-77 annual report. In the last, the BHEL profitability on historical cost and CCA basis has been evaluated.

Suggested Citation

  • Gupta Ramesh, 1978. "Inflation Accounting in India - A Case Study of the Bharat Heavy Electricals Ltd," IIMA Working Papers WP1978-07-01_00304, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp00304
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