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

Inflation-adjusted income statement constant real value non-monetary items, for example, salaries, wages, rentals, etc. are – right this ver...

The function of financial accounting is not just “to convey value information about the economic resources of a business ” as Harvey Kapnic...

Presently, inflation accounting describes a complete price-level inflation accounting model, namely the Constant Purchasing Power Accounting...

During the period of high inflation in the 1970´s accountants and accounting authorities tried various inflation accounting models in an att...

“The South African Reserve Bank is the central bank of the Republic of South Africa. It regards its primary goal in the South African econom...

Historical Cost accountants regard all non-monetary items stated at HC, whether they are variable real value non-monetary HC items or consta...

The world only goes round by misunderstanding. Charles Baudelaire It is generally accepted under the current Historical Cost paradigm t...

Price-level accounting as Harvey Kapnick hoped for in 1976 clearly does not prevail for balance sheet constant real value non-monetary items...

It must be clearly understood, however, that accounting per se can not and does not create real value out of thin air – out of nothing. Acco...

The world economy would be more robust today if only continuous financial capital maintenance in units of constant purchasing power had been...

Also approving the traditional Historical Cost Accounting model in the Framework(1989), Par 104 (a) has been very costly for the world econo...

Accountants generally choose to measure financial capital maintenance in nominal monetary units (one of the three very popular accounting fa...

There is strong awareness in the accounting profession that accounting is really about value and not simply about Historical Cost. "....

The real values of many constant real value non-monetary items, for example, retained earnings never maintained, are currently not being mai...

The implementation of IAS 29 Financial Reporting in Hyperinflationary Economies by Zimbabwean listed companies as required by the Zimbabwean...

Economic items are made up of monetary items, variable items and constant items. Accountants value, record, classify, summarize and report t...

There is no substance in the statement that financial reporting simply reports on what took place. It can be correctly stated that the above...

Brazil indexed all non-monetary items during the 30 years from 1964 to 1994 by means of a daily non-monetary index supplied by the various g...

Updated on 2 October 2013 Accounting dollarization is not the same as normal dollarization of an economy. An economy is dollarized when th...

I stated the following in a Letter to the Editor published in the Financial Mail in South Africa: “ Financial Mail 09 May 2008 Account...