current purchasing power accounting
- current purchasing power accounting
A form of accounting that measures profit after allowing for the maintenance of the purchasing power of the shareholders' capital. The Retail Price Index is used to adjust for general price changes to ensure that the shareholders' capital maintains the same monetary purchasing power. There is no requirement to allow for the maintenance of the purchasing power of the loan creditors' capital. Current purchasing power accounting was covered by the provisional Statement of Standard Accounting Practice 7, issued in 1974 but withdrawn in 1978.
Big dictionary of business and management.
2014.
Look at other dictionaries:
current purchasing power accounting — constant purchasing power accounting; = CPP accounting A form of accounting that measures profit after allowing for the maintenance of the purchasing power of the shareholders capital. The Retail Price Index is used to adjust for general price… … Accounting dictionary
constant purchasing power accounting — See: current purchasing power accounting … Accounting dictionary
Constant purchasing power accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Current liability — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
inflation accounting — A method of accounting that, unlike historical cost accounting, attempts to take account of the fact that a monetary unit (e.g. the pound sterling) does not have a constant value; because of the effects of inflation, successive accounts expressed … Accounting dictionary
inflation accounting — A method of accounting that, unlike historical cost accounting, attempts to take account of the fact that a monetary unit (e. g. the pound sterling) does not have a constant value; because of the effects of inflation, successive accounts… … Big dictionary of business and management
CPP accounting — See: current purchasing power accounting … Accounting dictionary
CPP accounting — Abbreviation for current purchasing power accounting … Big dictionary of business and management
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
Inflation accounting — is a term describing a range of accounting systems designed to correct problems arising from historical cost accounting in the presence of inflation. [ [http://financial dictionary.thefreedictionary.com/inflation+accounting Wall Street Words: An… … Wikipedia
