Search results
Results from the WOW.Com Content Network
(3) Financial capital maintenance in units of CPP in terms of a Daily Consumer Price Index or daily rate at all levels of inflation and deflation (see the original Framework (1989), Par 104 (a)) [now Conceptual Framework (2010), Par. 4.59 (a)] under the Capital Maintenance in Units of Constant Purchasing Power paradigm.
The IASB's Framework introduced Capital Maintenance in Units of Constant Purchasing Power as an alternative to Historical Cost Accounting in 1989 in Par. 104 (a) where it states that financial capital maintenance can be measured in either nominal monetary units - the traditional HCA model - or in units of constant purchasing power at all levels ...
Likewise subtracting dollar amounts that represent different amounts of purchasing power may result in an apparent capital gain which is actually a capital loss. If a building purchased in 1970 for $20,000 is sold in 2006 for $200,000 when its replacement cost is $300,000, the apparent gain of $180,000 is illusory.
The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of accounting science.
While theoretically amortization is used to account for the decreasing value of an intangible asset over its useful life, in practice many companies will amortize what would otherwise be one-time expenses through listing them as a capital expense on the cash flow statement and paying off the cost through amortization, having the effect of ...
Hyundai is recalling more than 225,000 vehicles over concerns of a rearview camera failing.. Six different vehicles from the Santa Fe and Elantra model lines are covered under the recall submitted ...
Anyone watching the news following the presidential election has heard one word associated with President-elect Donald Trump more than any other: tariffs.
In a separate case involving the FDA, the Supreme Court on Dec. 2 is set to hear arguments over the agency's denial of applications to sell flavored vape products. (Reporting by John Kruzel ...