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Rising prices, financial statements and fundamental research

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  • Hope, A
  • Scapens, RW

Abstract

Adequate consideration cannot be given to the subject of inflation accounting without a rigorous reappraisal of the nature and usefulness of published financial statements. It is argued that much fundamental research is a necessary prerequisite for the evaluation of methods of accounting in a period of inflation. Such research should begin with a consideration of the purposes to be served by the publication of financial statements. A framework is presented for such fundamental research and the results of some preliminary work outlined to assess the usefulness of financial statements in providing information to assist investors to make investment decisions. The use of financial statements by investors for this purpose is one of a number of possible objectives for financial statements.

Suggested Citation

  • Hope, A & Scapens, RW, 1975. "Rising prices, financial statements and fundamental research," Omega, Elsevier, vol. 3(3), pages 267-282, June.
    • Handle: RePEc:eee:jomega:v:3:y:1975:i:3:p:267-282
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