Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Underlying assumptions in IFRS

Friday, 3 September 2010

Underlying assumptions in IFRS

Underlying assumptions in IFRS

The stable measuring unit assumption is the underlying assumption in IFRS under the HC paradigm and measurement in units of constant purchasing power is the underlying assumption in IFRS under the Constant Item Purchasing Power paradigm.
Buy the ebook for $2.99 or £1.53 or €2.68.

Nicolaas Smith

No comments:

Testimonials

TOP ACCOUNTING BLOG AWARD 2010

"Your site is amazing. We hope you'll find this award as motivation to persevere in your blog. All in all, we thank and appreciate you for writing and posting great content and hope you'll continue to do so."

ANGELA TURNER
http://www.onlineaccountingdegree.net/.

"The research that you propose would indeed be of great interest to countries experiencing high inflation rates."

JEAN-JAQUES DETHIER Research Manager Development Economics World Bank

"Good work."

DAVID MOSSO Vice Chairman (Retired) at the Financial Accounting Standards Board (1978-1987). Chairman at the US Federal Accounting Standards Advisory Board (1997-2006)

"I recently got a chance to look at your blogs and truly they are just inspirational. Although I haven't yet gone through all of them but whatever I have read so far is simply very logical and thought provoking."

PROF. ADNAN KHAN, Assistant Professor - Accounting, University of Central Punjab (UCP)-Pakistan.

"Theoretically I totally agree with you."

Dr. CEMAL KUCUKSOZEN Head of the Turkish International Accounting Standards Department (2005).

"There is much to be gained from moving away from reporting on the basis Financial Capital Maintenance in Nominal Monetary Units."

PROF. RACHEL BASKERVILLE, Associate Professor of Accounting, School of Accounting and Commercial Law, Victoria University, Wellington, New Zealand.

Daily CPI

1. Argentina Daily CPI - CER (Coeficiente de Estabilización de Referencia)

Click in sequence: "Estadísticas e Indicadores"

"Monetarias y Financieras"
"Descarga de paquetes estandarizados de series estadísticas":

At the bottom of the page you will see: "Coeficiente de estabilización de referencia (CER), serie diaria", then choose a year and open the excel file.

2. Chile - UF: Daily Unidad de Fomento Index. Not a Daily CPI, but a monetized daily indexed unit of account.

3. Colombia - Real Value Unit A Monetized Daily Indexed Unit of Account

4. Denmark Inflation-Linked Bonds

5. Eurozone Daily CPI Click on "Download historical data"

6. France Daily CPI Click on "Download historical data"

7. Germany Daily Reference Index

8. Iceland - Daily CPI

8. Iceland- CPIs - including Daily CPI

9. Ireland Inflation-Linked Bonds

10. Italy Inflation-Linked Bonds

11. Japan - Daily CPI

12. Mexico - Unidad de Inversion Click on UDI and then select Export to HTML