Current-Value Accounting II—Methods

  • Robert W. Scapens
Chapter
Part of the Studies in Finance and Accounting book series

Abstract

In the previous chapter the concepts of current-value accounting were discussed; this chapter contains illustrations of their application. Initially references will be made to the current values of assets, without distinguishing between entry and exit values. This approach will give the illustrations more generality. However, when the Sandi-lands Committee’s proposals are illustrated it will be necessary to define the concept of current value more precisely.

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Notes and Reference

  1. 1.
    For an explanation of the Philips system, see G. Holmes, ‘Replacement Value Accounting’, Accountancy (March 1972) pp. 48;Google Scholar
  2. A. Goudeket, ‘An Application of Replacement Value Theory’, Journal of Accountancy (July 1960) pp. 37–47.Google Scholar
  3. 8.
    The Consultative Committee of Accountancy Bodies, Initial Reactions to the Report of the Inflation Accounting Committee (30 October 1975) para. c;Google Scholar
  4. The Consultative Committee of Accountancy Bodies, reprinted in Accountancy (December 1975) pp. 92–6.Google Scholar

Copyright information

© Robert W. Scapens 1977

Authors and Affiliations

  • Robert W. Scapens
    • 1
  1. 1.University of ManchesterUK

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