monetary items

Monetary Items

Assets and liabilities that are fixed in dollar amounts and are thus not affected by inflation. Examples of monetary items include cash, accounts receivable, accounts payable, bonds, and short-term loans. In periods of high inflation, holding monetary liabilities increases a firm's purchasing power, while holding monetary assets decreases it.

monetary items

Assets on a firm's balance sheet that are fixed in dollar amount. Cash, short-term loans, and long-term bonds are monetary items.
References in periodicals archive ?
The Museo also collects, studies and preserves coins, paper notes, medals, artifacts and monetary items found in the Philippines during its different historical periods.
Adjusted EBITDA was $14.1 million, or 15.4% of sales, compared with $14.6 million, or 15.5% of sales, a year ago as a result of lower gross profit, partially offset by a reduction in selling and administrative expenses related to year-over-year variations in the currency translation of net monetary items. Excluding non-recurring items net of taxes, adjusted net income was $5.7 million, or $0.16 per share, in the second quarter of fiscal 2017, versus $6.0 million, or $0.17 per share, in the second quarter of fiscal 2016.
Today, it is easier to go to third-party companies who can handle the tax implications and keep track of recognition, as well as formalizing the reward mechanisms (e.g., tokens that can add up to larger physical or monetary items).
Such monetary items are deemed to be acquired at the year end date.
In subsequent years, all monetary items would be up for negotiation, when the district's financial picture is clearer.
For the powerless, the subjective value of monetary items is intensified and the physical representations of those items are distorted based on whether there is a positive (bigger is better) or negative (smaller is better) value relationship.
segment; $200,000 in unrealized gains on monetary items, partially offset by a $117.5 million loss on early debt retirement; and $31.6 million in restructuring charges, Earnings in the preceding year reflected $10.9 million in unrealized foreign exchange losses.
monetary items of $10.9 million, as well as an income tax credit
The company said it earned CAD$155 million (USD$147.6 million), including gains on the revaluation of foreign currency monetary items of CAD$160 million.
Additionally, FAS33 classifies deferred policy acquisition costs and unearned property and casualty insurance premiums as nonmonetary, but American General (1981) believes these should be classified as monetary items. Davidson, Stickney and Weil (1976) also demonstrated that land for public utility industry might be monetary or nonmonetary (p.
The CPP income statement also contains a gain or loss on holding monetary items. For example, in a time of rising prices, net liabilities produce a gain.
If the item veto is an affirmative legislative power in removing monetary items, then presumably it can be used affirmatively to remove narrative from appropriations measures.