Papers on "The Historical Cost Convention" and similar term paper topics

Paper #054138 :: The Historical Cost Convention
Buy and instantly download this paper now

An overview of inflation accounting in the United Kingdom.

Written in 2004; 2,250 words; 9 sources; MLA; $ 69.95

Paper Summary:

This paper discusses how the Accounting Standards Board (ASB) should adopt an inflation accounting methodology for the United Kingdom that conforms to the general global trend to the use of inflation accounting as a more accurate means of preparing financial statements. It looks at how the use of historical cost leads to distortions in valuation of assets over time with the distortion magnifying in periods of high inflation or assets that are held over long periods of time. It also examines how the adoption of a specific inflation accounting methodology would function to standardize accounting practices in the preparation of financial statements and allow more effective comparability of the financial statements of firms in the United Kingdom with those of other nations.

From the Paper:

"Inflation accounting is theoretically grounded on the need to maintain capital on an entity or proprietary basis and the need to properly value assets (Robson, The discourse, 197). From this perspective inflation accounting is involved with the need to accurately represent value. The primary difficulty with developing and implementing an inflation accounting method, however, lies with the concept of value, with varying interpretations of value in the perspective of shareholders, the perspective of corporate governance, and to some degree, from the perspective of fundamental economic theory. In addition, the uses of information regarding value can vary, with the information used as part of the decision-making process for each asset."

Tags: capital assets financial statements

More papers on "The Historical Cost Convention"

1. Paper #065559 :: Traditional Cost Accounting vs. Activity Based Costing ( 1,725 words; 9 sources; MLA )
2. Paper #010909 :: Institutional Slavery & the 1787 Constitutional Convention ( 3,150 words; 19 sources; )
3. Paper #008584 :: Pastoral Convention in Poetry ( 2,105 words; 15 sources; APA )
4. Paper #099397 :: The Genocide Convention ( 2,486 words; 11 sources; APA )
5. Paper #007313 :: The Seneca Falls Convention and the Origin of the Feminist Movement ( 1,100 words; 2 sources; MLA )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on The Historical Cost Convention

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "The Historical Cost Convention", Essays on "The Historical Cost Convention", Research papers on "The Historical Cost Convention", Student papers on "The Historical Cost Convention", Book reports on "The Historical Cost Convention", Dissertation on "The Historical Cost Convention", Thesis on "The Historical Cost Convention", Summary of paper on "The Historical Cost Convention", Articles written on "The Historical Cost Convention".