Inflation Accounting
An Introduction to the Debate

This book provides a clear and concise summary of the present state of the theory of inflation accounting for students and practitioners.

Geoffrey Whittington (Author)

9780521270557, Cambridge University Press

Paperback, published 3 March 1983

256 pages
21.7 x 13.8 x 1.7 cm, 0.355 kg

'This book should find a wide market amongst practitioners, in particular those concerned with policy making.' Journal of Industrial Affairs

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.

Preface
List of abbreviations
1. An introduction to inflation accounting
2. Fundamentals
3. Historical cost accounting
4. Inflation and the general price level
5. Current value systems 1: valuation
6. Current value systems 2: capital maintenance concepts and real terms accounting
7. Review
Notes
Bibliography
Index.

Subject Areas: Finance & accounting [KF]