Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI

Inflation cannot erode or destroy the real value of non-monetary items. Erode is in the case of the functional currency, in fact, the same a...

Monetary items Money was invented over a long period of time. Eventually money came to fulfil the following three functions during inflati...

A house is a variable real value non-monetary item. Let us assume a house in Port Elizabeth is fairly valued in the PE market at say R 2 mil...

Inflation, being a uniquely monetary phenomenon, can not, by definition, destroy the real value of non-monetary items. Inflation has no effe...

Geoffrey Whittington, one of the world’s leading experts in inflation accounting and International Financial Reporting Standards stated: ...