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Accounting for Price-Level Changes—Theory and Procedures

Pergamon International Library of Science, Technology, Engineering and Social Studies

  • 1st Edition - January 1, 1966
  • Author: R. S. Gynther
  • Language: English
  • Paperback ISBN:
    9 7 8 - 0 - 0 8 - 0 1 1 7 1 1 - 9
  • eBook ISBN:
    9 7 8 - 1 - 4 8 3 1 - 8 0 9 7 - 7

Accounting for Price-Level Changes: Theory and Procedures shows the importance of taking actions to incorporate the effects of changing prices into each firm’s accounting… Read more

Accounting for Price-Level Changes—Theory and Procedures

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Accounting for Price-Level Changes: Theory and Procedures shows the importance of taking actions to incorporate the effects of changing prices into each firm’s accounting systems, and encourage the firms to treat this incorporation as a normal routine. This book shows that prices have in fact been altering over the years, and then explains the problems of changing prices as they affect accounting. Then, this text demonstrates these problems with the aid of a few simple examples. This book also includes statements of professional bodies and proposals that have been advocated. The latter part focuses on other accounting methods and concepts, complemented with illustrative examples. This book will be beneficial to accounting practitioners and those working at business firms.