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

Price-level accounting SA accountants generally choose to measure financial capital maintenance in nominal monetary units (one of the thre...

The accounting model SA accountants choose determines whether they unknowingly destroy massive amounts annually in the real value of reporte...

The real values of many reported constant real value non-monetary items, for example, reported retained earnings never maintained, in the SA...

The understanding of the difference between the generally accepted accounting practice whereby SA accountants unnecessarily, unknowingly and...

Economic history is replete with fallacies which became extinct with the developement of economic understanding. The three economic fallac...

Monetary items SA accountants value and account monetary items during the current accounting period at their original nominal monetary val...

Here is some related information which highlights the problem: The US Financial Accounting Standards Board tried to address the problem of...

It is generally the case that SA companies and banks do not invest 100% of the updated original real values of all contributions to their sh...

Accountants value everything they account "The debate concerning whether value accounting or price-level accounting should prevail i...

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

Maintaining the real values of all constant items in the SA economy where our accountants use the double entry accounting model to account e...

Today South African accountants unknowingly destroy the real value of existing reported constant items never maintained when they implement ...

There was only one systemic process of real value destruction operating only in the monetary economy before the invention of the Historical ...

Constant real value non-monetary items "Inflation destroys the assumption that money is stable which is the basis of classic account...

Monetary items Money was invented over a long period of time. Eventually money came to fulfil the following three functions during inflati...

Venezuela is in hyperinflation since November 2009. PricewaterhouseCoopers published that on 17 December 2009. Everbody in Venezuela is stil...

Variable real value non-monetary items Variable items are non-monetary items with variable real values over time. Examples of variable ...

Science is simply common sense at its best - that is, rigidly accurate in observation, and merciless to fallacy in logic. Thomas Huxley T...

The objectives of general purpose financial reporting are: 1) Maintenance of the constant purchasing power of capital 2) Provision of co...

Hi, Buy the ebook for $2.99 or £1.53 or €2.68 Venezuela is currently in hyperinflation (scooped on this blog - see two posts back) ...