Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Historical Cost Accounting destroying hundreds of billions of Dollars of real value in the world economy year in year out.

Showing posts with label Historical Cost Accounting destroying hundreds of billions of Dollars of real value in the world economy year in year out.. Show all posts

Showing posts with label Historical Cost Accounting destroying hundreds of billions of Dollars of real value in the world economy year in year out.. Show all posts

Saturday 22 March 2008

Historical Cost Accounting destroying hundreds of billions of Dollars of real value in the world economy year in year out.

The application of the historical cost principle by the accounting profession results in the destruction of "hundreds of billions of do...