Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: IASB: It is not possible to prepare financial statements in accordance with IFRSs during a period of chronic hyperinflation.

Showing posts with label IASB: It is not possible to prepare financial statements in accordance with IFRSs during a period of chronic hyperinflation.. Show all posts

Showing posts with label IASB: It is not possible to prepare financial statements in accordance with IFRSs during a period of chronic hyperinflation.. Show all posts

Thursday 13 May 2010

IASB: It is not possible to prepare financial statements in accordance with IFRSs during a period of chronic hyperinflation.

The following is a copy of the IASB´s latest update: IAS 29 Financial Reporting in Hyperinflationary Economies — Reporting in accordance w...