Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: SA accountants are clueless about the destructive nature of the stable measuring unit assumption.

Showing posts with label SA accountants are clueless about the destructive nature of the stable measuring unit assumption.. Show all posts

Showing posts with label SA accountants are clueless about the destructive nature of the stable measuring unit assumption.. Show all posts

Wednesday 9 June 2010

SA accountants are clueless about the destructive nature of the stable measuring unit assumption.

Increases in the general price level (inflation) destroy the real value of the Rand (the functional currency) and other monetary items with ...