general price level accounting

General price level accounting

Restating conventional financial statements (which are stated in nominal currency) in units of general purchasing power to adjust for inflation

Inflation Accounting

A method of accounting that includes inflation. In inflation accounting, one records price changes that affect the purchasing power of current assets and the value of the company's long-term assets and liabilities. This can provide a more accurate picture of a company's value. It is used to supplement a company's ordinary financial statements. It is less commonly called general price level accounting.

general price level accounting

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