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

Updated on 23 July 2013 Deflation is a sustained decrease in the general price level resulting in a sustained increase in the real value ...

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

Updated on 31 May 2014 The Historical Cost Mistake is the implementation of the stable measuring unit assumption under Historical Cost Ac...

No double entry accounting model creates value. Not all double entry accounting models maintain value. Not all double entry accounting model...

Inflation affects the fundamental value of all monetary items. Inflation destroys the real value of all monetary items directly and equally....

There are no constant real value non-monetary items without double entry accounting. A fundamental attribute of the Constant Item Purchasing...

The three distinct economic items in the economy: 1. variable items 2. monetary items and 3. constant items are all three economic v...

There are three distinct economic items in the economy: 1. Variable real value non-monetary items 2. Monetary items 3. Constant real v...

DOUBLE ENTRY ACCOUNTING - per se – neither creates nor destroys value. Double entry accounting - per se - maintains value. Historical C...

Nicolaas Smith Fin24 Oct 15 2008 23:23 Some clarification about the R200 billion unknowingly being destroyed in SA retained earnigns balance...

Nicolaas Smith Fin24 Oct 15 2008 21:46 What about the +/- R200 billion real value destroyed in retained earnings annually in the SA real e...

Jack Fin24 Oct 15 2008 21:06 You've been banging on about this for a long time. However, true though it may be, businessmen dont like it...

Collateralised Debt Obligations (CDOs) are variable real value non-monetary items valued at fair value. They are neither constant real value...

I do not remember that I have ever stated that I “accuse” Chartered Accountants of destroying value. I state that CAs unknowingly, unintenti...

When our Chartered Accountants stop the stable measuring unit assumption as they are allowed to do by International Financial Reporting Stan...

Updated: July 2008 Annual amount unknowingly being destroyed by South African Chartered Accountants in the real value of Retained Earnings i...

Here are some notes about abandoning the stable measuring unit assumption. First of all, it is not the same as inflation accounting as can...

The second distinct economic item is a monetary item. Buy the ebook for $2.99 or £1.53 or €2.68 Monetary items constitute the Money...

Money supply (M3) as per the South African Reserve Bank at May 2008: R 1 808.971 billion Real value destroyed annually in the SA monetary ec...