Accounting for Price-Level Changes—Theory and Procedures
Author: R. S. Gynther
Publisher: Elsevier
Published: 2014-05-16
Total Pages: 271
ISBN-13: 1483180972
DOWNLOAD EBOOKAccounting 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.