Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Accountants´ unstable unit of account is the only unit of measure that is not an absolute value

Showing posts with label Accountants´ unstable unit of account is the only unit of measure that is not an absolute value. Show all posts

Showing posts with label Accountants´ unstable unit of account is the only unit of measure that is not an absolute value. Show all posts

Monday 6 July 2009

Accountants´ unstable unit of account is the only unit of measure that is not an absolute value

Accountants regard all non-monetary items stated at Historical Cost, whether they are variable real value non-monetary HC items or constant ...