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Inflation accounting |
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Inflation accountingAccounting practices allowing for the effects of inflation.Inflation accounting Similar MatchesCost accountingCost accountingA branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency. Accrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Accounting reference dateAccounting reference dateThe date to which accounts are made up for a company. When a company is incorporated, it will usually have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies. Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Regulatory accounting procedures (RAP)Regulatory accounting procedures (RAP)Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Further SuggestionsPurchase accountingStatement of Financial Accounting Standards No 8 Average accounting return Accounting insolvency Growth accounting Accounting earnings Generally Accepted Accounting Principles (GAAP) Historical Cost Accounting Convention Financial Accounting Standards Board (FASB) Accounting liquidity Replacement cost accounting current cost accounting Accounting Standards Board |
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