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Application of Inflation Accounting

Application of Inflation Accounting

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Published by Rajesh Warise
Application of inflation accounting
Application of inflation accounting

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Categories:Business/Law
Published by: Rajesh Warise on Mar 16, 2011
Copyright:Attribution Non-commercial

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03/16/2011

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Application of InflationApplication of InflationAccountingAccountingApplication of InflationApplication of InflationAccountingAccounting
Presented by :-
SantoshWarang - MFM 17
Rajesh Warise - MFM 18
 
Inflation Accounting : DefinitionsInflation Accounting : DefinitionsInflation Accounting : DefinitionsInflation Accounting : Definitions
y
Decrease in purchasing power of money due to anincrease in the general price level
y
´A process of steadily rising prices resulting indiminishing purchasing power of a given nominal sumof moneyµ
The Penguin Dictionary of Economics
y
´Rise in prices brought about by the expansion of thesupply of bank money, credit, etc.µ
Ox 
ford Advanced Learner·s Dictionary of Current English
 
Some Aspects on Inflation AccountingSome Aspects on Inflation Accounting
Problems:
y
Subjectivity
y
Often complicated calculationsBenefits:
y
maintaining production capacity
y
shows the internal logic of accounting

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