Purpose of the article: This study investigates the effect of historical cost accounting on the reported profit of a company, with an evaluation of current cost accounting as an alternative reporting method in a high-inflationary and volatile economy as experienced in Nigeria. Using secondary...

The subject we have addressed in this study belongs to a very important complex of issues now, before the new millenium, when the informational society makes its presence felt in all the activity fields, when the value is perceived as an information on a good or a service in relation to the...

The Government’s feasibility study into a national financial advice service was long awaited by both industry and consumer groups alike. However there are some practical issues still outstanding as the recommendations are taken forward as pathfinder projects over the next year. In this...

The failure of an accounting standard on inflation was chosen for this oral history study, examining the outcomes from the 1982 promulgation CCA-1 in New Zealand. This required companies to consider inflation when measuring their assets and liabilities, and thus affecting revenues also.However,...

The purpose of this study is to show the importance of inflation accounting application in investment decision making in particular in stock markets. The effect of inflation accounting on stock returns is examined among the Turkish firms listed on the Istanbul Stock Exchange (ISE) in 2003....

Herein we seek to extend understanding of the 'accounting-cycle' hypothesis by comparing the Australian, and United Kingdom (UK) experiences with inflation accounting during 1973-85. The existence of 'cycles' in accounting standard-setting was first suggested in respect of inflation-accounting...

There are several explanations, how inflation can occur and how it can affect different economic indicators. This paper provides and overview about the economic theory of money supply and inflation and concentrates on the expansionary monetary policy of central banks, which is actually driven by...

The purpose of this study is to show the importance of inflation accounting application in investment decision making in particular in stock markets. The effect of inflation accounting on stock returns is examined among the Turkish firms listed on the Istanbul Stock Exchange (ISE) in 2003....

This study examines the usefulness to investors of the “monetary correction” (corrección monetaria) required under Chilean accounting standards. The monetary correction arises when nonmonetary assets and liabilities and owners’ equity are restated for changes in the purchasing power of...

Die Bestimmung planmäßiger Abschreibungen gewinnt gegenwärtig auf regulierten Märkten eine besondere Bedeutung, weil sich die Genehmigung von Preisen auch an den Kosten orientiert. Im Zentrum dieser Untersuchung stehen daher Gesichtspunkte für die ökonomische Fundierung von...

Purpose – The purpose of this paper is to examine the long-term relationship between the rate of inflation and the returns of real estate and financial assets traded in New Zealand markets. Design/methodology/approach – The question of whether these assets are good candidates to hedge...

Most countries have suffered from inflation within recent memory and countries in Latin America and the former Soviet Union have lived with very high rates of inflation for several years. Under inflation, national accounts at current as well as at constant prices will be seriously distorted...