Monday, 27 June 2011
Net monetary gains and losses
The practice of calculating and accounting net monetary gains and losses during hyperinflation and during low inflation and deflation only with the implementation of IFRS–authorized financial capital maintenance in units of constant purchasing power (CIPPA), but, not during the implementation of the Historical Cost Accounting model during low inflation and deflation is one of the various confounding generally accepted perplexities in traditional Historical Cost Accounting.
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