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

SA companies´ Issued Share Capital and Share Premium Account values stay the same and so do other reported constant real value non-monetary ...

Accountants unknowingly and unintentionally destroy at least R200 billion per annum in the real values of reported Retained Profits of most ...

Ask anyone receiving a wage or a salary and he or she will confirm that inflation-adjusting salaries does make a difference to the economy. ...

SA accountants unknowingly destroy the real value of existing reported constant items never maintained during low inflation when they implem...

The Framework, Par. 102 states that most companies choose a financial concept of capital to prepare their financial reports. An entity’s cap...

A price increase is paying more money for equivalent more real value. Inflation is paying more money for the same real value. In theory,...

Hi, Non-monetary items are subdivided in a) Variable real value non-monetary items and b) Constant real value non-monetary items. Constant i...

A foreign currency is not the functional currency in South Africa since it is not the generally accepted national unit of account. The Rand ...

A house is a variable real value non-monetary item. Let us assume a house in Port Elizabeth is fairly valued in the PE market at say R 2 mil...

Hi, Chavez´s nationalization continues. 26% annual inflation for 3 years in a row is hyperinflation. Venezuela is already at 27% annual inf...

The real values of fixed properties are not destroyed by SA accountants when they value these fixed assets at their original nominal HC valu...

Originally – before there were any GAAPs and IFRSs – all variable items as well as all constant items together with all monetary items (basi...

As we know, the economy consists of three basic economic items: 1.Monetary items 2.Variable real value non-monetary items 3.Constant rea...

Here is a verbatim copy of some paragraphs of the International Accounting Standard Board´s Framework for the Preparation and Presentatio...

SA accountants have to calculate the net monetary loss or gain from holding monetary items when they choose the Constant ITEM Purchasing Pow...

The statement "Financial capital maintenance can be measured in either nominal monetary units or units of constant purchasing power,...

IFRS compliant financial capital maintenance in units of constant purchasing power would always be a better accounting model than HCA during...

The specific choice of measuring financial capital maintenance in units of constant purchasing power (the Constant Item Purchasing Power Acc...

SA accountants unknowingly destroy the real value of your company’s equity since they assume there´s no inflation. They unknowingly destroy ...

The IASB´s alternative to Historical Cost Accounting Buy the ebook  Last updated on 17 April, 2012 Constant Purchasing Power Acco...