Capital Maintenance Adjustment Under the Financial (Real) Capital Concept |
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| Authors: | DENIS J. PRATT |
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| Affiliation: | Denis;J. Pratt is a Senior Lecturer in Accounting at the University of Tasmania. |
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| Abstract: | This paper examines the way in which the general purchasing concept of capital has been implemented in the real business income and selling price models. It presents an analysis of the conceptual aspects of the alternative methods of implementation proposed in the literature and identifies limitations in adjusting for inflation in entry price models. |
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| Keywords: | Current value accounting Inflation accounting Purchasing power |
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