What is it about?
The research looks at the differences between financial statements prepared on historical cost method and those prepared on current cost method
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Why is it important?
Historical cost accounts become irrelevant during periods of rapid changes in price levels, while current cost accounts become more relevant during these periods.
Perspectives
This research is expository as it reveals the deficiencies of the historical cost method during periods of inflation
DR SUNDAY ASUQUO EFFIONG
UNIVERSITY OF CALABAR, CALABAR, CROSS RIVER STATE, NIGERIA
Read the Original
This page is a summary of: Correlational and Differential Influence of Historical Cost and Current Cost Profits on the Operating Capabilities of the Firm, International Journal of Financial Research, March 2011, Sciedu Press,
DOI: 10.5430/ijfr.v2n1p64.
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