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

 The stable measuring unit assumption’s rejection during hyperinflation has already been authorized in IAS 29 in 1989 and its rejection duri...

One of the basic principles in accounting is “The Measuring Unit principle: The unit of measure in accounting shall be the base money unit ...

All income statement items once they are accounted. All balance sheet constant items. Buy the ebook for $2.99 or £1.53 or €2.68 ...

SA accountants at Johannesburg Stock Exchange listed companies as well as at non-listed companies doing their accounts in terms of IFRS gene...

The definition of constant items is confirmed by the IASB in the Framework by implication. The fact that certain non-monetary items have c...

Banking regulation is about banks having sufficient capital and maintaining that capital adequacy ratio during inflation and deflation. Ho...

Bank capital requirements are increased in NOMINAL TERMS as per new Basel rules. Result: their capital is always declining in REAL TERMS d...

"One can say that capital, as a category, did not exist before double-entry bookkeeping". Sombart Lane, Frederic C; Riemersma,...

The world cup of debt The safest 10 countries are: 1.Hong Kong 2.Singapore 3.Korea 4.Chile 5.Taiwan 6.Germany 7 .South Africa 8...

Foreign exchange A foreign currency is not the functional currency in South Africa since it is not the generally accepted national moneta...

Valuing properties at HC does not destroy their real values The real values of land and buildings are not destroyed by accountants when th...

The Historical Cost Debate The Historical Cost Debate is the debate over the last 100 years or so about the exclusive use of Historical C...

Hyperinflation is defined as an exceptional circumstance by the IASB in IAS 29. All non-monetary items – variable real value non-monetary it...

Constant ITEM Purchasing Power Accounting - CIPPA - is not an inflation accounting model the same as 1970-style Constant Purchasing Power A...

Constant purchasing power accounting (CPPA) as defined in International Accounting Standard IAS 29 Financial Reporting in Hyperinflationary...

Underlying assumptions in IFRS The stable measuring unit assumption is the underlying assumption in IFRS under the HC paradigm and measur...

Hyperinflation is defined as an exceptional circumstance by the IASB. All non-monetary items – variable and constant items - are required to...

Variable items hold their values in terms of purchasing power as a result of the ways in which they are valued in terms of IFRS, SA GAAP or ...

"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...