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

Second submission: Nicolaas Smith Comment Letter: IASB Exposure Draft - Severe Hyperinflation  Submitter                        Organizat...

      The IASB proposes to define severe hyperinflation as follows:       D28 The currency of a hyperinflationary economy is subject to sev...

I am of the opinion that hyperinflation - let alone severe hyperinflation - is impossible when exchangeability between the currency and a re...

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

In the begining before money and the double-entry accounting model were invented all items in the economy were variable real value non-monet...

I was of the opinion that severe hyperinflation was impossible if “ exchangeability between the currency and a relatively stable foreign cur...

U.S. companies may be holding back on investment because of the rising federal deficit, which causes uncertainty about future tax policies, ...

Variable items Variable items are non-monetary items with variable real values over time. Examples of variable items in today’s economy...

The economy consists of economic items and economic entities. Economic items have economic value. Accountants value economic items when th...

The IASB published for public comment an exposure draft Severe Hyperinflation, a proposed amendment to IFRS 1 First-time Adoption of IFRS on...

IASB proposes Severe Hyperinflation amendment to IFRS 1 30 September 2010 The International Accounting Standards Board (IASB) today publ...

 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...