Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Evolution Of Inflation Accounting In The U.S., Marilyn A. Waldron, John E. Shaver, Charles E. Jordan
Evolution Of Inflation Accounting In The U.S., Marilyn A. Waldron, John E. Shaver, Charles E. Jordan
Accounting Historians Notebook
This article presents a discussion of the development of the need for inflation accounting, the history of official pronouncements addressing inflation accounting, and a summary of research studies dealing with reporting the effects of changing prices. Not only does this analysis reveal the continuity, depth, and complexity of the issues facing the FASB, but it also facilitates an understanding of how and why the FASB determined that presentation of supplmentary price-level adjusted information should be voluntary.
American Thought To 1921 Concerning Accounting For Changing Prices, Walker Eugene Fesmire
American Thought To 1921 Concerning Accounting For Changing Prices, Walker Eugene Fesmire
Accounting Historians Notebook
Would a review of the earlier writings by accountants on inflation reveal that many ideas which we now view as new or recent are actually restatement of earlier ideas or concepts? This article will review the ideas of those that considered the problem between 1918 and 1921. Included in the review will be the problems identified by those early writers and the obstacles that they found to the implementation of solutions.
Effects Of German Inflation On Accounting Records, Walker Eugene Fesmire
Effects Of German Inflation On Accounting Records, Walker Eugene Fesmire
Accounting Historians Notebook
During the 1920's the German economy suffered through a terrible period of inflation. The rate of German inflation was so rapid that during the month of October 1923 only, the purchasing power of a paper mark fell from 1.0 on October 5th to 0.008 by October 31st. During the 1920's, Henry W. sweeney was attempting to develop a model for the U.S. which would handle accounting for changing prices. In preparation for the development of his model, Sweeney reviewed the German inflationary experience to determine the weaknesses of the German system.