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Inflation and project evaluation: a case study of the effect of price changes on rate of return
(2010-03-13)
Inflation is one important economic variable which is playing an ever-expanding role in the decision making process of business, industry and government. The evaluation of capital expenditure projects are based on estimation ...
Finances of the state electricity boards and tariff policy
(2010-03-15)
The Five Year Plans have continued giving greater emphasis to the need of power development in the country. The Boards have to find larger amount of resources to finance its future activities. For State Electricity Boards ...
Accountancy systems in State Electricity Boards - developments & requirements
(2010-03-15)
With the increasing importance given to the power development programmes in the successive Five Year Plans, proper and effective financial management of the State Electricity Boards (SEBs) have progressively become ...
Inflation accounting: perspective and prospects
(2010-03-13)
During the last two decades, there have been several proposals on how financial statements should be adjusted to show the effects of Inflation. The earlier suggestions were to adjust the financial statements using a general ...
Theory of financial intermediation - a portfolio approach
(2010-03-13)
In this study an attempt is made to explain the behavior of financial intermediaries in terms of portfolio theory using a preference function approach. The model developed here is largely theoretical in nature, and deals ...
Inflation and tax reforms: a study in individual taxation
(2010-03-14)
Inflation affects real income tax liabilities in two ways. First, it erodes the real values of fixed deductions. Second, it moves a tax payer in a high tax bracket. Due to high rate of progressivity in taxes at lower end ...
ED 24 and BHEL's current cost accounts
(2010-03-18)
In May 1979, Accounting Standards Committee of U.K. has issued Exposure Draft 24 "Current Cost Accounting". The purpose of this article is to prepare the BHEL financial statements for the last three years (1975-76, 1976-77 ...
Accounting for changing prices - Recent development
(2010-03-25)
With the rejection of ED-18 on July 6, 1977, the longest running epic of the financial world "Inflation Accounting" has come to a standstill where U.K. accounting profession is living with "An Interim Recommendation" and ...
Fiscal implications of price level changes and investment decisions
(2010-03-20)
This paper explores the effect of inflation on the real value of shareholders' equity given the current depreciation policy with respect to the corporate income taxes. Would partly debt financing of the firm's activities ...
Accounting for inflation - an empirical study
(2010-07-27)
In recent years, there has been increasing criticism of financial statements prepared under the long-established cost conventions. The accounting profession all over the world has been debating various approaches to ...