Capital Maintenance in Units of Constant Purchasing
Power is implied during hyperinflation in terms of IAS 29. Capital Maintenance
in Units of Constant Purchasing Power, i.e., restatement required in IAS 29, is
the only accounting model specifically prescribed in IFRS.
‘At the present time, it is not
the intention of the Board to prescribe a particular model other than in
exceptional circumstances, such as for those entities reporting in the currency
of a hyperinflationary economy.’
Conceptual
Framework (2010), Par. 4.65
Nicolaas Smith
Copyright (c) 2005-2013 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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