Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Saturday 17 April 2010
Accountants´ unknowing destruction of entities´ capital and profits with Historical Cost Accounting during low inflation as well as its only remedy authorized in IFRS in the same statement 21 years ago.
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ACCOUNTANTS´ UNKNOWING DESTRUCTION OF ENTITIES´ CAPITAL AND PROFITS WITH HISTORICAL COST ACCOUNTING DURING LOW INFLATION AS WELL AS ITS ONL...
Friday 16 April 2010
Money illusion and the E-Type Jag
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Definition: Money illusion is the mistaken belief that money is stable – as in fixed – in real value over time. Money illusion is primaril...
Thursday 15 April 2010
The net monetary gains and losses puzzle
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Entities with net monetary assets (weighted average of monetary assets greater than weighted average of monetary liabilities) over a period ...
Wednesday 14 April 2010
Cost of inflation to be deducted from profit before tax during low inflation
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Deflation is a sustained absolute annual decrease in the general price level of goods and services. Deflation happens when the annual inflat...
Tuesday 13 April 2010
The inflation conundrum
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Inflation is always and everywhere a monetary phenomenon. Milton Friedman, A monetary history of the United States 1867 - 1960 (1963) In...
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