Current-Value Accounting II—Methods
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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 methods of current-cost accounting are introduced it will be necessary to define the concept of current value more precisely.
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Notes and References
- 8.The Consultative Committee of Accountancy Bodies, Initial Reactions to the Report of the Inflation Accounting Committee (30 October 1975) para. c; reprinted in Accountancy (December 1975) pp. 92–6.Google Scholar
- 13.Inflation Accounting Steering Group, Interim Recommendation (November 1977) — frequently called the Hyde Guidelines.Google Scholar
- 14.Accounting Standards Committee, ‘Current Cost Accounting’, Exposure Draft No. 24 (30 April 1979) para. 1.Google Scholar
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- 21.Accounting Standards Committee, Guidance Notes on SSAP 16: Current Cost Accounting (1980) para. 47.Google Scholar