| Description |
1 online resource (315 pages) |
| Series |
Routledge library editions. Accounting ; 43 |
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Routledge library editions. Accounting ; 43.
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| Contents |
Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Preface to First Edition (1974); Preface to Second Edition (1978); Table of Contents; Use of Abbreviations; 1 Inflation -- Recent Trends and Developments; 1.1 Recent Inflationary Trends; 1.2 Control of Inflation; 1.3 Summary and Conclusions; 2 Measurement of Business Profit; 2.1 Profit Calculation Processes; 2.2 Profit Statement Deficiencies; 2.3 Balance-Sheet Deficiencies; 2.4 Summary and Conclusions; 3 Choice of a Price Index; 3.1 Problem Areas in Index Construction; 3.2 Choosing an Appropriate Index |
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3.3 The Different Effects of Using General and Specific Price Indices3.4 Summary and Conclusions; 4 UK Price Index Numbers; 4.1 General Price Index Numbers; 4.2 Business Asset Index Numbers; 4.3 Summary and Conclusions; 5 Depreciation; 5.1 Definitions; 5.2 Traditional Problem Areas; 5.3 Depreciation Methods; 5.4 Depreciation Rates; 5.5 Effects of Price Changes on Depreciation Charges; 5.6 Overall Effects of Depreciation Adjustments; 5.7 Summary and Conclusions; 6 Stock Valuation and the Cost of Sales; 6.1 Valuation Methods; 6.2 Effects of Price Changes on the Cost of Sales |
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6.3 Stock Adjustments and Profit Figures6.4 Summary and Conclusions; 7 Losses and Gains on Monetary Items; 7.1 Calculation of Losses and Gains; 7.2 Recording of Losses and Gains; 7.3 Practical Considerations; 7.4 Classification and Adjustment Problems; 7.5 Summary and Conclusions; 8 Long-term Assets; 8.1 General Valuation Problems; 8.2 Land and Buildings; 8.3 Plant, Equipment and Motor Vehicles; 8.4 Long-term Investments (including Subsidiaries); 8.5 Goodwill; 8.6 Summary and Conclusions; 9 Capital Maintenance; 9.1 Purchasing Power Adjustments |
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9.2 Adjustments in Current Value Accounting Systems9.3 Summary and Conclusions; 10 Inflation Accounting Systems; 10.1 Annual Transfers to Reserve; 10.2 LIFO Method of Stock Valuation; 10.3 Depreciation Based on Current Replacement Costs; 10.4 Summary and Conclusions; 11 General Purchasing Power Accounting; 11.1 Terminology; 11.2 Basic Principles; 11.3 Timing Problems; 11.4 Choosing a Suitable Price Index; 11.5 The Adjustment Process; 11.6 Presentation of Accounts; 11.7 Interpretation of GPP Accounting Information; 11.8 Summary and Conclusions; 12 Current Value Accounting |
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12.1 Economic Value Method12.2 Net Realisable Value Method; 12.3 Current Replacement Cost Accounting; 12.4 Future Developments; 12.5 Summary and Conclusions; 13 Inflation Accounting in the UK; 13.1 Developments before 1975; 13.2 The Sandilands Committee Report; 13.3 Exposure Draft 18 -- Current Cost Accounting; 13.4 Interim Recommendations -- November 1977 (Hyde Committee Guidelines); 13.5 Summary and Conclusions; 14 Inflation Accounting outside the UK; 14.1 Western Europe; 14.2 North America; 14.3 South America; 14.4 Australasia; 14.5 Other Countries; 14.6 Summary and Conclusions |
| Summary |
When first published this volume represented the first concise, accessible UK text that explained the very complex changes that could be involved in an inflation accounting system. The new edition of the book (1978) was restructured and rewritten, with a substantial amount of material added so that it provides a comprehensive and accurate picture of the inflation accounting issues of the 1970s |
| Notes |
15 Probable Effects on Profit Figures |
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Print version record |
| Subject |
Accounting -- Effect of inflation on.
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BUSINESS & ECONOMICS -- Accounting -- Financial.
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Accounting -- Effect of inflation on
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| Form |
Electronic book
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| ISBN |
9781134713530 |
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1134713533 |
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