By R. S. Gynther

Show description

Read or Download Accounting for Price-Level Changes. Theory and Procedures PDF

Similar accounting books

Wiley GAAP: Practical Implementation Guide and Workbook

Wiley GAAP Workbook offers easy-to-understand information and readability to useful functions of GAAP. bettering your comprehension of GAAP to allow useful program of quite a few occasions that you could be stumble upon in perform, this workbook and consultant simplifies program of GAAP criteria and interpretations to express real-world occasions.

Efficient Methods for Valuing Interest Rate Derivatives

Effective tools for Valuing rate of interest Derivatives presents an outline of the versions that may be used for valuing and coping with rate of interest derivatives. cut up into components, the 1st discusses and compares the conventional types, resembling spot- and forward-rate types, whereas the second one concentrates at the extra lately built marketplace types.

Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits

Tax options for the Small company proprietor: lessen Your Taxes and Fatten Your gains might help the small company proprietor raise gains whereas feeling more well-off facing taxes. It starts off by way of taking a look at the customarily ignored severe choice small company vendors face once they commence a company: the alternative of commercial entity.

Additional info for Accounting for Price-Level Changes. Theory and Procedures

Example text

2 6 4 - 2 7 5 . Types of Proposals that Have Been Advocated 37 In accordance with the principles of "accounting for m a n a g e m e n t " the responsible managers of all levels must k n o w periodically the income and the capital employed, both in total and in detail. e. current replacement value] is applied. In other words, the application of the replacement value theory is n o t merely a calculation technique used in preparing the annual statements of the concern. It is integrated in the accounting system o f all sections o f the concern at every stage.

Australian Accountant, April 1956, p . 141. e. using several specific indexes] the emphasis is placed o n things, physical assets, rather than o n m o n e y or purchasing-power-units, as a result of which the capital at the beginning o f the period is considered as comprising a group o f physical assets which is eventually converted into funds, a portion o f the fimds b e m g used t o replace the physical assets and the balance being the income for the period. W e then have a change from accoimting for things in terms o f m o n e y or purchasing-power-units, t o accounting for m o n e y in terms o f things, and the capital which is being maintained intact is the real physical capital and n o t the financial capital, or a p o o l o f purchasing-power.

T h e replacement cost used for calculating the a m o u n t charged in costs should be the current (or notional) cost o f replacement. V. IX. The replacement cost should be established as accurately possible. as T h e amounts appropriated and charged should be retained as a reserve. , L o n d o n , 129 p p . , p . 7. 30 Accounting for Prlce-Ievei Changes—Ttieory and Procedures XII. *® These "principles" give an indication of the ideas expressed in this Institute's book. Whilst they may not be the "official" views, the Council of the Institute has certainly made a good j o b of promoting the sales of the b o o k !

Download PDF sample

Rated 4.65 of 5 – based on 6 votes