The Impact of Changing Prices on Financial Reporting
Date of Award
Master of Science in Accounting
Financial statements--United States
Call No. at the Univ. of New Haven Library
AS 36 .N29 Acc. 1980 no.1
Changing prices seriously distorts the conventional financial statements. Meeting the needs of financial statement users has been the focus on many groups recently. The qualities of reliability and relevance are foremost in many users' opinions. The conventional accounting model is seen as lacking in relevance in the face of rapidly changing prices. Constant dollar accounting is one answer to this distortion that sacrifices none of the reliability of the conventional accounting model. Others believe that current cost accounting has even more relevance than the above two models. A combination of constant-dollar accounting and current cost accounting is seen as having the best combination of reliability and relevance for financial information.
Fowler, John E., "The Impact of Changing Prices on Financial Reporting" (1979). Master's Theses. 50.