Impact of inflation accounting on corporate profits

dc.contributor.author	Gupta, Ramesh
dc.contributor.author	Bhandari, L. C.
dc.date.accessioned	2010-07-15T12:11:10Z
dc.date.available	2010-07-15T12:11:10Z
dc.date.copyright	1978-08
dc.date.issued	2010-07-15T12:11:10Z
dc.identifier.uri	http://hdl.handle.net/11718/5455
dc.description.abstract	The accounting profession all over the world is currently considering whether accountants should be required to adjust reported income for inflation. The limited objective of this article is to measure the impact of price-level accounting on reported profits and relevant financial ratios. The earnings of 57 companies covering 9 industries have been restated for a period of 7 years (1970-1976). The study shows that the impact of inflation on individual companies and industry groups varies greatly. The results with varying inflation rates emphasize the differential effects on companies of general price	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1978/235
dc.subject	Corporate profits	en
dc.subject	Inflation and Accounting	en
dc.title	Impact of inflation accounting on corporate profits	en
dc.type	Working Paper	en