Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Normal Rands and Rands of constant purchasing power are not the same.

Showing posts with label Normal Rands and Rands of constant purchasing power are not the same.. Show all posts

Showing posts with label Normal Rands and Rands of constant purchasing power are not the same.. Show all posts

Wednesday 1 July 2009

Normal Rands and Rands of constant purchasing power are not the same.

When SA accountants choose to measure financial capital maintenance in real value maintaining units of constant purchasing power (the CIPPA ...