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Inflation accounting |
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Inflation accountingAccounting practices allowing for the effects of inflation.Inflation accounting Similar MatchesGenerally Accepted Accounting Principles (GAAP)Generally Accepted Accounting Principles (GAAP)The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S. Accounting Standards BoardAccounting Standards BoardUK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. Historical Cost Accounting ConventionHistorical Cost Accounting ConventionAn accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. 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 SuggestionsAccounting liquidityCost accounting Replacement cost accounting Accounting earnings Accounting insolvency Growth accounting Average accounting return accounting reference date current cost accounting Statement of Financial Accounting Standards No 52 Purchase accounting Financial Accounting Standards Board (FASB) Accrual Accounting Convention |
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