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

"2 - When I settle the Accounts Payable and receive the Accounts Receivable, what am I receiving/paying? The adjusted amount or the ori...

IAS 2 (Technical Summary) states: Inventories shall be measured at the lower of cost and net realisable value . The Historical Cost of in...

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

Hi, CA007 stated in our mother of all debates: "I state: Value DOES exist independently of how we ACCOUNTING measure it." My...

That was the question asked by CA007 after he came to accept financial capital maintenance in units of constant purchasing power during LOW ...

There are nine Fundamental flaws in IFRS and US GAAP Buy the ebook for $2.99 or £1.53 or €2.68 Nicolaas Smith realvalueaccountin...

A: Financial capital maintenance in nominal monetary units during low inflation and deflation: traditional Historical Cost Accounting (see ...

The best example is a salary: when it is measured at Historical Cost, it has one value and when it is inflation-adjusted, i.e. measured in u...

After 2008 it became very clear to me that inflation is only a monetary phenomenon and can only destroy the real value of money and other mo...

Variable items are non-monetary items with variable real values over time. Measurement is the process of determining the monetary amounts ...

Salaries and wages would never be decreased in line with monthly deflation. Effects of rejecting the current 3000-year-old Historical Cost ...

Most accountants and economists will confirm that real value is being destroyed in banks´ and companies´ capital over time. The banking cris...

Bertie : Nicholaas, how would business be different in SA if that value was not being destroyed? In practical terms. I now buy into your poi...

Bertie : Nicholaas, how would business be different in SA if that value was not being destroyed? In practical terms. I now buy into your poi...

We have seen so far that accountants implement the Historical Cost Accounting model because it is the traditional model for the last 3000 ye...

So, we have seen so far that accountants don’t really understand what they are doing: they simply just keep on doing what all accountants be...

Why don’t SA accountants value companies´ issued share capital and retained profits - which are constant real value non-monetary items - in ...

3. "Inflation destroys the value of non-monetary items which do not hold their value in terms of purchasing power" is authoritativ...

SA accountants, implementing traditional 700-year-old Historical Cost Accounting, unknowingly, unnecessarily and unintentionally destroy the...

1. "Inflation erodes companies´ invested capital and profits" - as per the FASB. The FASB is the US Financial Accounting Standa...