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What basic accounting assumptions is threatened by the existence of severe inflation in the economy?
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∙ 12y ago
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∙ 12y ago
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Advantages of inflation accounting?
An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.
What are the methods for accounting inflation?
Discuss the various methods of inflation accounting.
What did the existence of low inflation and low unemployment in 1900s puzzle some economists?
Because unemployement fell to its lowest level in decades, and inflation crept along at less than 3%
Will inflation Peter out?
inflation peter out is when inflation diminish or stops .
What refers to the persistent increase in the prices of goods and services?
inflation
Advantages of inflation accounting?
An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.
What is inflationary accounting?
The branch of accounting which deals with the transactions of inflation.
What has the author Francis Sandilands written?
Francis Sandilands has written: 'Inflation accounting' -- subject(s): Inflation (Finance) and accounting
What are the methods for accounting inflation?
Discuss the various methods of inflation accounting.
What has the author William J Bruns written?
William J. Bruns has written: 'Accounting for managers' -- subject(s): Managerial accounting, Case studies 'Accounting for inflation' -- subject(s): Replacement of industrial equipment, Cost accounting, Inflation (Finance) and accounting 'A simulation study of alternative methods of inventory valuation' 'Introduction to accounting' -- subject(s): Accounting
What do you mean by inflation account?
As in accounting inflation is the rise in price of any goods or commodity, which helps accounting to persue the relevant terms & condition according to the market condition.
What has the author Barry Jay Epstein written?
Barry Jay Epstein has written: 'Inflation accounting' -- subject(s): Accounting, Replacement of industrial equipment, Cost accounting, Effect of inflation on 'Wiley IAS 99' -- subject(s): Accounting, Standards 'Wiley IAS 2001' -- subject(s): Accounting, Standards
How do you treat fixed assets in inflation accounting?
At current Market Value
What has the author Alan Gleaves written?
Alan Gleaves has written: 'The development and scope of the accounting bodies proposals on inflation accounting'
What has the author Howard Irwin Ross written?
Howard Irwin Ross has written: 'Financial statements' -- subject(s): Accounting, Effect of inflation on, Inflation (Finance) and accounting 'Our taxes: lessons from Carter and Benson' -- subject(s): Taxation
What has the author Harry M Hansen written?
Harry M. Hansen has written: 'The wealth transfer of inflation' -- subject(s): Accounting, Effect of inflation on
What has the author James Carty written?
James Carty has written: 'Inflation accounting now'
