Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: 9 Fundamental flaws in IFRS and US GAAP

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Wednesday 25 August 2010

9 Fundamental flaws in IFRS and US GAAP

There are nine Fundamental flaws in IFRS and US GAAP

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Nicolaas Smith
realvalueaccounting@yahoo.com

Copyright © 2010 Nicolaas J Smith

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"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