Inflation Accounting: Perspective and Prospects
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
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.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Phone: 91 79 2630 7241|
Fax: 91 79 2630 6896
Web page: http://www.iimahd.ernet.in/publications
More information through EDIRC
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 references are entirely missing, you can add them using this form.