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inflation accounting |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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Inflation accounting Accounting practices allowing for the effects of inflation.
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Specifying just one definition of value in advance would be equally useless, as both the SEC and FASB found out in their competing approaches to inflation accounting. In 1978, he was appointed a member of the Financial Accounting Standards Board Task Force on the Conceptual Framework (for accounting standards) because of articles he wrote on inflation accounting. |
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