general price level accounting

General price level accounting

Restating conventional financial statements (which are stated in nominal currency) in units of general purchasing power to adjust for inflation.

Inflation Accounting

A method of accounting that includes inflation. In inflation accounting, one records price changes that affect the purchasing power of current assets and the value of the company's long-term assets and liabilities. This can provide a more accurate picture of a company's value. It is used to supplement a company's ordinary financial statements. It is less commonly called general price level accounting.

general price level accounting

See inflation accounting.

单词	general price level accounting
释义	general price level accounting General price level accounting Restating conventional financial statements (which are stated in nominal currency) in units of general purchasing power to adjust for inflation. Inflation Accounting A method of accounting that includes inflation. In inflation accounting, one records price changes that affect the purchasing power of current assets and the value of the company's long-term assets and liabilities. This can provide a more accurate picture of a company's value. It is used to supplement a company's ordinary financial statements. It is less commonly called general price level accounting. general price level accounting See inflation accounting.
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