Impact of Inflation
A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
ISBN: 978-1-78635-390-0, eISBN: 978-1-78635-389-4
Publication date: 15 October 2016
Abstract
The existence of statistical price index series does not persuasively support proposals to modify account data from prior transaction experience. The consequences of using accounting techniques will demonstrate whether those actions have served accounting objectives satisfactorily. Management’s overt actions in the markets, rather than changes in general price-levels, are the source of enterprise earnings. Accounting objectives are either compelling or limiting elements affecting the choice and use of accounting techniques.
Citation
(2016), "Impact of Inflation", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 117-128. https://doi.org/10.1108/S1479-350420160000020035
Publisher
:Emerald Group Publishing Limited
Copyright © 2016 Emerald Group Publishing Limited