TY  - CHAP
AB  - Abstract Price level movements have been under scrutiny for forty years. Yet, a need still exists for further classification of the concept of business income. This is so because accounting has a justifiably duty to report on actual transaction experience. General prices, on the other hand, cannot speak so specifically, but business decisions nonetheless need to consider such data. With this in mind, an alternative emerges: include price level adjustments in accounts or report them separately as supplements. The support is given in this study to the latter, while acknowledging that time is needed for the interpretative benefits of supplementary reports to be more widely recognized. Given enough time, it is reasonable to expect that a favorable consensus will emerge. Financial statement users would no doubt favorably receive supplementary data on the impact of inflation, and companies would not suffer from enlightening the people at interest in this manner.
VL  - 20
SN  - 978-1-78635-389-4, 978-1-78635-390-0/1479-3504
DO  - 10.1108/S1479-350420160000020056
UR  - https://doi.org/10.1108/S1479-350420160000020056
PY  - 2016
Y1  - 2016/01/01
TI  - Price Level Changes☆
T2  - A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
T3  - Studies in the Development of Accounting Thought
PB  - Emerald Group Publishing Limited
SP  - 311
EP  - 319
Y2  - 2024/04/20
ER  -