IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Inflation Accounting: Perspective and Prospects

  • Gupta Ramesh
Registered author(s):

    During the last two decades, there have been several proposals on how financial statements should be adjusted to show the effects of Inflation. The earlier suggestions were to adjust the financial statements using a general price index. Lately the emphasis has been on current value accounting. In UK’s SSAP-16 (and more recently ED 35) USA’s FAS-33, Canada’s section 4510 of CICA Handbook were considered landmark at the time of their issuance. Yet, every one of these proposals is having an uneasy time and lacks general acceptance. The status of inflation accounting remains fluid and confusing. The accounting profession, realising that theoretically there is no right answer, has opted to experiment the different approaches. Abandoning the experiment may prove risky and costly, if high inflation is to return. One can only conclude that inflation accounting remains a controversial topic and is likely to continue to be so in the near future.

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Paper provided by Indian Institute of Management Ahmedabad, Research and Publication Department in its series IIMA Working Papers with number WP1985-01-01_00626.

    in new window

    Date of creation:
    Date of revision:
    Handle: RePEc:iim:iimawp:wp00626
    Contact details of provider: Phone: 91 79 2630 7241
    Fax: 91 79 2630 6896
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:iim:iimawp:wp00626. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.