Inflation Accounting Methods and their Effectiveness
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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This thesis provides an overview of the inflation accounting methods and their applications as accounting standards. Constant purchasing power accounting and current cost accounting are explained as the major inflation accounting methods. Inflation accounting standards announced in the United States, Britain, and Canada are presented in a comparative manner. Several empirical studies which examined the usefulness of the inflation disclosures required by the U.S. Financial Accounting Standards Board Statement No. 33 are reviewed to provide information on the effectiveness of inflation accounting methods. These studies produced mixed results. While some showed enhanced information value in inflation disclosures, others showed none. Inflation, inflation accounting, constant purchasing power accounting, constant dollar accounting, current cost accounting, current value.
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- Economics and Cost Analysis