Inflation Accounting: An Introduction to the Debate

by Geoffrey Whittington

• ISBN13: 9780521270557
• ISBN10: 0521270553
• Format: Paperback
• Copyright: 1983-03-31
• Publisher: Cambridge University Press

Summary

This book provides a clear and concise summary of the present state of the theory of inflation accounting for students and practitioners. It describes all of the main alternative methods of inflation accounting and illustrates them, using simple numerical examples. The theoretical and practical aspects of each method are discussed, in order to give the reader the framework within which he can evaluate the relative merits of the various practical solutions to the inflation accounting problem which are now being implemented in the UK, USA and elsewhere throughout the English-speaking world. The emphasis throughout is on a comparison of the relative merits of alternative systems, rather than aiming to give a single 'best' solution. Indeed the latter aim is seen as most probably illusory, because different types of accounting information may be needed for different purposes.

Table of Contents

Preface

List of abbreviations

An introduction to inflation accounting

Fundamentals

Historical cost accounting

Inflation and the general price level

Current value systems 1: valuation

Current value systems 2: capital maintenance concepts and real terms accounting

Review

Notes

Bibliography

Index

Table of Contents provided by Publisher. All Rights Reserved.