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A DESIDERATUM: COMING TO TERMS WITH INFLATION ACCOUNTING

Egbon, Osamuyimen and Eriabie, Sylvester O. (2004) A DESIDERATUM: COMING TO TERMS WITH INFLATION ACCOUNTING. BIU JOURNAL OF SOCIAL AND MANA6EMENT SCIENCES, 2 (1). pp. 206-215. ISSN 1115-3409

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Abstract

A ccountin~ mechanisms measure tJ/e well - offuess or otherwise of economic units in response to environmentalunfoldings to which it responds in onler to be relevant in meeting users' economic decision neetls. However, inflation remains a fa ctor tr~fling the meaningfitln ess llll tl relevance ofi/CA i11 meeting these neetls. This paper attempts to look 111 the need to entrench 11 general price level 11ccounting as ftlllun ch pat/ for flel1eloping geneml- specijic price level ch11nges in the f uture. Emphasis on the success of this tlrive rel'olves aromul 11 concert by relevant players. This paper is divided into seven parts mtmely, (i) an overview of the utility of HCA in m1 inflationary en vironment, (ii) some criticisms of inflation approximations in R CA, (iii) A British inflation accounting trail, (iv) essential for inflation accounting incumbency on NASB, (v) the government and its expected role, and (vi) conclusion.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 27 Feb 2018 10:36
Last Modified: 27 Feb 2018 10:36
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10263

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