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

"Measuring items in units of constant purchasing power makes no difference to the economy." Prof Geoff Everingham University o...

EVERYONE IN THE WORLD ECONOMY who today implements HISTORICAL COST ACCOUNTING uses the units of constant purchasing power measurement basis ...

Although all entities that ever used the HISTORICAL COST ACCOUNTING  model during the last 100 years (i.e., almost all entities), all entit...

IAS 29 Financial Reporting in Hyperinflationary Economies has been implemented since its authorization in 1989 in terms of the monthly publi...

HISTORICAL COST ACCOUNTING The IASB mistakenly decided to recognize only the following two measurement bases under the Historical Cost Acc...

"Double-entry accounting is one of the greatest inventions of the human mind." Wolfgang Goethe  DOUBLE-ENTRY ACCOUNTING MODELS ...

FOREIGN CURRENCY A currency as a foreign currency outside its local, non-dollarized economy is a variable real value non-monetary item an...

It is realized by now in the accounting world that International Financial Reporting Standards are almost 100% concerned with financial cap...

The double entry accounting model is the least understood but most powerful as well as everlasting economic model of all time. It is so powe...

The statement that " money is a store of value "  is supposed to mean that money is a store of constant real value over time or a ...

An entity in Venezuela has asked the IASB for help. The IASB, however, has again, in typical IASB fashion, refused to do anything about th...