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

Inflation (low, high and hyperinflation) and deflation would have no effect on the economy when all items expressed in terms of money are in...

Very interestingly the same three measurement bases are used under both Historical Cost Accounting and its alternative authorized in IFRS, ...

MEASUREMENT BASES There are three economic items in the economy. 1. MONETARY ITEMS Definition: Monetary items are all items in the mone...

The following article appeared in Business Day on 20 September 2007 :  “South African Institute of Chartered Accountants (Saica) ex...

1. IASB refusal to require Daily Indexing in IAS 29 IAS 29 Financial Reporting in Hyperinflationary Economies , which gives guidance rega...

The bitcoin dream: if only it could be money. Imagine! Why is bitcoin not money? Because its price in terms of real currencies is not rela...

"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...