Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Deduction of cost of inflation during low inflation and deflation authorized in IFRS since 1989

Showing posts with label Deduction of cost of inflation during low inflation and deflation authorized in IFRS since 1989. Show all posts

Showing posts with label Deduction of cost of inflation during low inflation and deflation authorized in IFRS since 1989. Show all posts

Saturday 2 April 2011

Deduction of cost of inflation during low inflation and deflation authorized in IFRS since 1989

Accountants have to calculate the net monetary loss or gain from holding net monetary item assets or net monetary item liabilities, respecti...