Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: It is an essential function of accounting to maintain the real value of constant items during inflation

Showing posts with label It is an essential function of accounting to maintain the real value of constant items during inflation. Show all posts

Showing posts with label It is an essential function of accounting to maintain the real value of constant items during inflation. Show all posts

Monday 20 July 2009

It is an essential function of accounting to maintain the real value of constant items during inflation

1970-style Constant Purchasing Power (CPP) inflation accounting was a popular but failed attempt at inflation accounting at that time. It wa...