Tag Archives | Inflation Accounting

Inflation Accounting: Need, Merits and Demerits | Accounting

In this article we will discuss about:- 1. Need for Inflation Accounting 2. Merits of Inflation Accounting 3. Demerits. Need for Inflation Accounting: Accounting is based on the traditional concept of cost and revenue. Money is the yardstick for measuring profits and losses and financial health of the business — operating results and financial position. […]

Current Cost Accounting | Inflation Accounting

In this article we will discuss about the Current Cost Accounting (CCA):- 1. Introduction to Current Cost Accounting 2. Features 3. Evaluation 4. Conclusion 5. The Stand of the Institute of Chartered Accountants of India. Contents: Introduction to Current Cost Accounting Features of Current Cost Accounting Evaluation of Current Cost Accounting Conclusion to Current Cost […]

Inflation Accounting: Need, Limitation and Objections

In this article we will discuss about the Inflation Accounting:- 1. Need for Inflation Accounting 2. Limitations of Historical Accounting in a Period of Inflation 3. Objections 4. Role 5. Current Purchasing Power Method 6. Constant Dollar Accounting. Contents: Need for Inflation Accounting Limitations of Historical Accounting in a Period of Inflation Objections to Inflation […]

Inflation Accounting in USA, UK and India

In this article we will discuss about inflation accounting in USA, UK and India. Inflation Accounting in United States of America (USA): Accounting bodies in USA have been concerned with the impact of price changes on financial reporting since many years ago However, considerable attention could be given to inflation accounting only in 1969 when […]

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